Lowe's Companies, Inc.
Pendidikan

Strategy: 76 Correction Trend Continuation.

1063
The 76 correction strategy aims to pick up optimal continuation trades into large retracements.

It's a trend following strategy that aims to enter into strong counter trend moves to a 76% retracement of the previous trend leg.

This strategy usually performs best when combined with Elliot wave. Waiting for there to be a full impulsive leg in 5 waves followed by a big ABC correction.

The strategy aims to pick up trades into the "C" point in such a correction.

With a default minimum risk:reward of 1:3 the strategy is expected to breakeven on win rates of 35% or higher.

Penafian

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