This past year, I shared many bottoms on names on my weekly WLs based on bottoming consolidation structures, mentioning a specific strategy as a reasoning for the trades. Aside from understanding price action, I used a simple method:
Monthly inside candles/bars.
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What is an inside candle/bar?
Inside...
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Can you guess which one it is?
RSI?
Volume?
Trend lines?
Sexy rectangles?
No. None.
Anchored text!
Notice I have "SHORT ONLY" at the bottom right of the screen. Anchored text will appear on any time frame, so if you flick from Monthly to 15 minute it will always appear on screen in the same location....