since 1994
since 1994
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On Friday, August 2, 2024, stocks experienced a significant decline, leaving investors with a difficult decision: Should you buy the dip or exit the market? Identifying whether this pullback is a temporary retracement or the beginning of a market reversal is crucial. A retracement could offer a prime opportunity to buy at lower prices, while a reversal might signal the need to exit the market to avoid further losses.
The charts above demonstrate AbleTrend's approach to identifying retracements versus reversals. The charts on the left depict stocks during market reversals. AbleTrend's exit signals are shown with large red dots, suggesting that investors consider exiting partial positions to protect against further losses. The small red dots represent AbleTrend's daily resistance levels. When prices reach these resistance levels, they create Sweet Spots for Selling (SSs), offering multiple opportunities to exit positions and avoid significant drawdowns.
On the right, the charts show stocks experiencing pullbacks while testing AbleTrend's daily support levels. The small blue dots represent AbleTrend support levels. When prices pull back to test these blue dots without breaking through, it indicates a retracement. The AbleTrend Sweet Spot for Buying (SSb) helps you capitalize on these dips by buying at the right time.
Without the insight provided by AbleTrend's support levels, fear could cause you to exit the market prematurely or hold onto losing positions for too long. By understanding these charts and the support levels, you could outperform most fund managers and save significantly on service fees.
Stay updated with AbleTrend! Subscribe to receive alerts for:
Fresh Signals: Get notified about new trading signals as they are generated.
Signals In Progress: Keep track of ongoing trading signals.
Risk Disclosure: Futures and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
Testimonial Disclosure: Testimonials appearing on this website may not be representative of the experience of other clients or customers and is not a guarantee of future performance or success.
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