Hello trader, we are going to work with the maximum and minimum of the previous day of the daily chart. this form will give them more confidence when operating. One of the things that we must have pending is the trend of the previous day, this is very important for entering the market. for example: AMC. It leaves a downtrend, for this reason my bullish entry is above (16.64) until I look for the high of the previous day if they continue.
The opposite is the case if the stock starts with an uptrend, but it closes the day with a slight correction. here the operation would be the opposite with an opening above the closing price we must let the price rise without taking a bullish entry, this is because the price has just entered the sell zone it is best to wait for it to reach the maximum and in that point wait for confirmation to sell
AMC: bearish entry will be below (16.00) next support zone (14.88) when the stock closes very close to the previous day's low it is called bearish continuation intention. Perhaps this post does not have much view, because many traders prefer to lose and then educate themselves
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