WEEKLY DOWN TREND STOCKS
Let the price move above Center Point or Level 3 and when it move back below Center Point or Level 3 then sell with whatever high registered above Center Point or Level 3 as the stop loss. After selling if the prices moves to Level 2 or below then look to cover short positions as the opportunity arises. If the close is above Weekly Reversal Value then the trend will change from Down Trend to Up Trend. Check on Friday after 3.pm to confirm weekly reversal of the Down Trend.
Note: R1-(Resistance), R2- (Resistance), R3- Resistance, S1- Support & S2- Support
*Note: Up and Down Trend are based of set of moving averages as reference point to define a trend. Close below averages is defined as down trend. Close above averages is defined as up trend. Volatility (Up/Down) within Down Trend can happen/ Volatility (Up/Down) within Up Trend can happen.