Is It Time For Bargain Hunting To Bet On A Relief Rally?

Watch the video extracted from the live session on 15 Aug 2023 below to find out the following:

  • The very first thing we need to seek on in anticipation of a relief rally.

  • Is now the time for bargain hunting for investing and position trading?

  • How to define a "change of character" bar and why is it significant for predicting a technical rally

  • How to seek confirmation from the volume for a market reversal

  • And a lot more

Video Length: 00:08:31

Since there is a presence of demand as shown in the support zone, it is essential to get a bullish change of character bar (refer to the characteristics as discussed in the video) before betting on a relief rally.

The bullish vs. bearish setup is 309 to 208 from the screenshot of my stock screener below pointing to a positive market environment. Yet, the increase in market volatility makes it challenging for upside follow-through for the majority of the stocks.

(Click on image to enlarge)

wyckoff method stock screener

12 “low hanging fruits” (CLH, PWR, etc…) trade entries setup + 24 others (PHM, NVT, etc…) plus 8 “wait and hold” candidates have been discussed during the live session.

(Click on image to enlarge)

Outperforming stocks trade entry setup

More By This Author:

Is The Pullback Behind Us Or Still Looming? Let's Investigate
Beware! Red Flags In The Market
Bull Or Bear? Anticipate The Next Big Move With Price Volume Analysis

Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.

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