During the trading process, everyone wants to buy at the lowest possible price, so how can we achieve that? Here are a few techniques for bottom fishing using 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 boldly buy in.
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 boldly buy in.
3. The daily candlestick forms a head and shoulders bottom pattern, and the right shoulder has begun to increase in volume, and it breaks through the neck line, you can boldly buy in.
4. The daily candlestick forms a small bearish and bullish pattern, and the right side of the bottom has begun to increase moderately in volume. Once it breaks through the top of the box, you can boldly buy in.
5. The daily candlestick forms a rounded bottom pattern, and it has recently begun to increase moderately in volume, you can boldly buy in.
6. There is a sudden acceleration in the decline, followed by a consecutive increase in volume that breaks through the previous bearish candlestick. If there is a pullback, you can boldly buy in.
7. The daily KDJ indicator of the technical system and the 4-hour KDJ indicator are both below 20, and when all the low positions show a golden cross resonance attacking upward, it is a rare buying opportunity.
8. After a significant bullish candlestick breaks through the life line (with the life line turning upwards), it indicates that the market will rise significantly, and you can decisively buy in.
No matter when and no matter what the market situation is, it is all normal. The only thing we can do is to adjust our mindset, respond calmly, and do what we need to do!