In the NU / ND type trend follow-up trading strategy, it is fundamental not to trade against the trend.
The US stock market is closed on April 10 for Good Friday holidays. The stock price fell from a high of 29,568 yen on February 12 to $ 18,213 on March 23. It has now begun to rebound and rose to $ 24,008 on April 9. In the Fibonacci sequence, a half-reversion (50%) was achieved.
As far as the Bollinger band is concerned, it is almost close to the upper band. Looking at Stochastics, we have become overbought. Looking at the candlestick, it looks like a crosshair. At this point, it is likely that your feet are overbought, so it's safe to turn to adjustments anytime.
Future strategies will include wave and trend analysis to see if the current uptrend will end with a rebound or lead to a further uptrend. However, considering that it is likely that the adjustment has been made in the medium to long term, it is better to carry out thorough short-term trading or return selling with the aim of increasing the rebound of the contrarian strategy. #Rika trend
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