Timing the bull market
In this letter, we will share how we anticipated the Bull run very early to use the opportunity and maximize our profit.
Cash Market Trading requires the skill to Time the Market through price action. No Analyst can predict the market’s Bullish period and Resistance level, so the only focus should be to ride the trend and wait for the market to give a signal with respect to price on any Trend reversal.
From June to November market already confirmed the Bullish Nature of the market by Breaking out of the Bearish trendline (Highlighted with the Blue Markup line) and Creating a strong base Level to focus for any retracement to this level.
Since Month of November 2022 to March 2023, we hardly got any opportunity to Build a position, Even if we got the Setup Risk to reward was not favorable. In such market conditions, Patience plays a huge psychological factor to deal with unnecessary positions and losses.
When the Price hit its Support level after the retracement (Highlighted with a red Markdown line) we shifted our Focus Timeframe to 2Hr Time frames to analyze the price and any change in the trend. We chose this timeframe to anticipate the early trend change and the opportunity to start building our position to pocket the maximum profit from the market.
As the price behavior in the chart clearly shows the Upward movement and the Bull’s getting strong with clear direction we initiated a long position in our stocks analyzed with respect to our rule-based data points.
The stocks we recommend as per our Technical analysis and the performance since March. In just 4 months we were able to catch a huge movement only by following the Price action rules and Timing the Market.
Disclaimer: This Article is purely for informational and educational purposes. No post, image, video, product, or service should be construed as an investment recommendation or financial advice. Please consult a SEBI-registered financial advisor for financial advice.