I’m back with an exciting bonus video where I reveal an approach to selecting chart patterns…
And I’m going to dive into the world of Apple – one of the most popular stocks on the planet – to do it!
So in today’s bonus video, I highlight the importance of a solid sloping trend in Apple’s chart, uncovering an oversold signal from the two-day RSI – another crucial metric I use that measures relative strength.
But that’s not all!
I also shed light on the power of the inverted hammer, showcasing the impressive historical performance of trading Apple when you see this pattern.
Looking at backtested data, the last 46 times there was an inverted hammer pattern on shares of Apple, trading it had a win rate of 76%!*
I don’t know about you, but I like those odds!
Key Points Covered:
- 📈 The significance of a solid sloping trend.
- 📊 Uncovering oversold signals using the two-day RSI.
- 🔨Harnessing the power of inverted hammer patterns as game-changing bullish signals.
- 🍎 Impressive historical performance of Apple’s inverted hammer trades revealed.
Roger Scott
Senior Strategist
*Back-tested data. Not indicative of any future results. Trade at your own risk.
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