Hong Kong
2024-12-17 07:38
IndustryMean Reversion Strategy
This strategy assumes that price tends to revert to its mean (average) after extreme moves.
Steps
1. Identify Overbought/Oversold Conditions:
Use RSI or Bollinger Bands to detect when price moves significantly away from the mean.
2. Wait for Reversal Signals:
Look for candlestick patterns like doji or engulfing patterns.
3. Set Targets and Stops:
Take profit near the moving average or the middle of the Bollinger Bands.
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Mean Reversion Strategy
Hong Kong | 2024-12-17 07:38
This strategy assumes that price tends to revert to its mean (average) after extreme moves.
Steps
1. Identify Overbought/Oversold Conditions:
Use RSI or Bollinger Bands to detect when price moves significantly away from the mean.
2. Wait for Reversal Signals:
Look for candlestick patterns like doji or engulfing patterns.
3. Set Targets and Stops:
Take profit near the moving average or the middle of the Bollinger Bands.
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