2 Steps in Drawing a Downtrend Channel

A buying strategy in a downtrend.

How to identify buying opportunity in a downtrend?

Not my preference to buy in a downtrend, but that does not mean we should avoid it when buying opportunity arises.

Recognizing it is a downtrend, we keep our buy position short-term; as we are going against the trend.

Discussion: Rules in constructing a downtrend parallel trendline
Rule 1 – First the downtrend line
Rule 2 – Then, its parallel


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