During the trading process, everyone wants to buy at the lowest possible position. So how can this be achieved? Here are a few techniques for bottom-fishing through daily candlestick patterns that you can refer to!
1. The daily candlestick forms a double bottom pattern, and the right side of the bottom has begun to increase in volume. Once it breaks through the neck line, you can buy with confidence.
2. The daily candlestick forms a triple bottom pattern, and the right side of the bottom has begun to increase in volume. Once it breaks through the neck line, you can buy with confidence.
3. The daily candlestick forms a head and shoulders bottom pattern, and the right shoulder has begun to increase in volume and has broken through the neck line. You can buy with confidence.
4. The daily candlestick forms a small bearish and bullish pattern, and the right side of the bottom has begun to increase gently in volume. Once it breaks through the top of the box, you can buy with confidence.
5. The daily candlestick forms a rounded bottom pattern, and it has begun to increase gently in volume recently. You can buy with confidence.
6. An accelerated downward plunge occurs, followed by a sudden continuous increase in volume that breaks through the previous bearish candlestick. A pullback can be a good time to buy with confidence.
7. When the technical system's daily KDJ indicator and the 4-hour KDJ indicator are both below 20, and all low positions have a golden cross resonance attacking upward, it is a rare buying opportunity.
8. After a large bullish candlestick breaks through the life line (the life line turns upwards), indicating that the market will rise significantly, you can buy decisively.
No matter when or what the market situation is, it is all normal. The only thing we can do is adjust our mindset, respond calmly, and do what we need to do!