During the trading process, everyone wants to buy at the lowest possible position. So how can we achieve this? Here are a few techniques for bottom fishing using daily candlestick patterns that you can refer to!
1. The daily candlestick has formed a double bottom pattern, and the right side of the bottom has already started to increase in volume. Once it breaks through the neckline, you can buy boldly.
2. The daily candlestick has formed a triple bottom pattern, and the right side of the bottom has already started to increase in volume. Once it breaks through the neckline, you can buy boldly.
3. The daily candlestick has formed a head and shoulders bottom pattern, and the right shoulder has already started to increase in volume, breaking through the neckline, you can buy boldly.
4. The daily candlestick has formed a small bearish and bullish pattern, and the right side of the bottom has started to increase in volume gently. Once it breaks through the top of the range, you can buy boldly.
5. The daily candlestick has formed a rounded bottom pattern, and it has started to increase in volume gently recently. You can buy boldly.
6. There has been a rapid decline followed by a sudden increase in volume, breaking through the previous bearish candlestick. You can buy boldly on the pullback.
7. The KDJ indicator of the technical system on the daily chart and the KDJ indicator on the 4-hour chart are both below 20. When all the low positions show a golden cross and resonate upward, it is a rare buying opportunity.
8. After a large bullish candlestick breaks through the lifeline (the lifeline turns upward), it indicates that the market will rise significantly in the future. You can buy decisively.
No matter when or what the market conditions are, it is all normal. The only thing we can do is to adjust our mindset, respond calmly, and do what we need to do!