Have you ever heard of turnaround Tuesday?
Now you have.
Turnaround Tuesday is a trading strategy that says that "whenever we get a > -1% drawdown on a Monday, you should buy at the close, and sell the next day at close"
This strategy has a success rate of about 60-65%
I will not initiate longs, but I just wanted to share that a spike tomorrow should not come as a surprise.
The general picture is still down. Short every spike.
Now you have.
Turnaround Tuesday is a trading strategy that says that "whenever we get a > -1% drawdown on a Monday, you should buy at the close, and sell the next day at close"
This strategy has a success rate of about 60-65%
I will not initiate longs, but I just wanted to share that a spike tomorrow should not come as a surprise.
The general picture is still down. Short every spike.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.