Day Trading Example - Buying pullbacks

When the trend is up, buying pullbacks for a day trade can be a rewarding experience. With Trend Analyzer, we can use advanced indicators to identify such pullbacks. Given below is a chart with a customised CCI. When the CCI moves down to zero, we have the signs of a pullback. Once prices move up after such a CCI pattern, the trder can buy. The chart below shows two intraday opportunities.