Post
Topic
Board Trading Discussion
Re: DO YOU BUY WHEN THE PRICE DROPS SHARPLY ?
by
Harsh_Patel
on 28/02/2018, 10:37:25 UTC
Find the congestion point. That will work every time.  

How to find the congestion Point?

  • See the Price changes after price drop. Every time Bear run start fast and dies slow. So look for the convergence of price after price drop.
  • Volume traded decreases during this time, as people conclude the fairness of the price and think about the current prices.
  • Look at the News and overall sentiment in the market, it will shift to neutral.
  • Bolinger Bands will be below Moving Average Price

If these traits are followed, then you will surely see the jump in the prices in the short time.