It”s been a while since we last saw an example, but one of my
strongest historical stats is the Three Day Rule. On this stat,
there first needs to be a 2%+ decline, and then on a break back
over the 5 day MA, currently at 2627, then on a clear daily closing
break back below on either of the next two trading days, then there
should be a retest of the previous low (2553.80), before any
significant move over the previous high (currently 2672.08). There
are no guarantees in trading or analysis, but with the exception of
two very marginal higher lows when triangles were forming, this
stat has delivered in every instance (so far) going back to the
start of 2007.
- https://theartofchart.net/2018/04/06/three-day-rule-day-three/
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It”s been a while since
Posted by EdZ on 8th of Apr 2018 at 10:13 am