🟨Successful FollowThroughD - BlueprintSince 1971 we have had 6 "major" Bear Markets.
Average Characteristics of Bear Market
👉 Avg Length: 536d
👉 Avg Depth: -39%
Current Characteristics of Bear Market
👉 Length: 282d
👉 Avg Depth: -28%
But as I have shared before around the web - the Length and Depth depend wether we have a recession or not.
FULL ANALYSIS HERE (this part starts +17:00 in):
www.tradingview.com
How do Successful FTDs look like:
👉 Avg Gain in first 4 weeks: +6.46%
👉 Avg Gain in first 13 weeks: +12.07%
👉 Max Drawdown in first 13 weeks: -4.65%
Last FTD statistics:
🟥 Gain in first 4 weeks: +5.4%
🟨 Gain in first 13 weeks: +9.3% (so far we have more time to achieve average threshold)
🟥 Max Drawdown in first 13 weeks: -5.4%
Followthrough
Snap Inc. $SNAP is leading, now waiting for follow through The stock formed a long base while above its moving averages and in the last weeks is been leading the sector. So, I took position on NYSE:SNAP on the breakout above the $65 resistance level. Now waiting to a good follow through to buy more. A good buy level for me would be higher than $69.60.
The risk/reward ratio (2:1) has a target price above another resistance level, so I'll be very carefull once it gets there. Probably I'll just rise my stop to breakeven.
NYSE:SNAP is been having a really good revenue growth, annually and quarterlly. Its EPS is not as good as I'd like but it has the technicals that I look for.
Harmony ONE USD Bull ContinuationGood day Traders, I believe we will see a follow through as in chart. Not financial advice, just my current view. Please leave a like if you agree, or let me have your thoughts below. Cheers.
Distribution & Follow-Through DaysInvestor Business Daily model follows the model of distribution and follow-through days based on volume as follows:
Distribution days:
A distribution day is defined as a day in which the move by the index is moves -0.5% on stronger volume than the previous day.
Follow-Through days:
On Day 4 or later of the attempted rally, at least one of the key market indexes must deliver a strong gain in volume up from the previous day. That big gain in rising volume is the follow-through day, which confirms that a new uptrend is underway.
A follow-through day can't pick the exact day that a market bottoms, but it can get you in close to the bottom.
Because this model is intended to value the market health, and how market-makers are positioning themselves, this cluster historically signifies a more defensive market.