The | Taylor Trading Technique
The technique identifies a standard rhythm consisting of three distinct trading days, each with its own objective and ideal setup:
A recovery back above the previous day's low suggests a rejection of lower prices and a potential rally. Day 2: Sell Day Objective: Exit long positions for a profit. The Taylor Trading Technique
Anticipate a decline and initiate a short position. The technique identifies a standard rhythm consisting of
Following the Buy Day rally, the market often exceeds the previous day's high but fails to sustain the momentum. The Taylor Trading Technique
Identify a market bottom and initiate a long position.
The technique relies on specific manual calculations and price observations rather than modern indicators or news events: Taylor Trading Technique: The 3-Day Market Rhythm Explained