You can't trust the first 3 days off a new low.
This excerpt is from How To Sell Stocks Short by William J. O'Neill. He's describing his famous "follow-through day" tp confirm reversals. It's a short and sweet read with tons of chart examples. smile.amazon.com/Make-Money-Selling-Stocks-Short/dp/0471710490/
The "volume-drop-off = reversal" phenomenon might not be explicitly stated in the book, but is self-evident and demonstrated in the ideas below.
The "volume-drop-off = reversal" phenomenon might not be explicitly stated in the book, but is self-evident and demonstrated in the ideas below.
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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.