This education idea uses "9 Seasons Rainbow Indicator" to discuss long trade signals based on specific scenario.
The combinations of seasons on different time frames form patterns; some patterns have high probability of success for trading.
"Long Signals of OverSold above Bull or BullRest Seasons" is one of the best signals, which serves as a bottom finder.
OverSold on small time frame + Bull or BullRest on big time frames normally indicates a bottom.
When the bottom is tested again and confirmed, it may be a good time for long trade.
Instances:
Please scroll to the time for details.
20190223 09:30
20190217 20:00
20190214 15:00
20190127 13:00
20190106 09:00
20190104 21:00
20181228 11:00
This post also use "Profitability Meter for Day Trading" to see the possible profit of the trades.