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It may be interesting to track a large sample size of at least 50 trades and see if there's an edge present with that idea. When a stock makes a big move, there can be continuation with follow through momentum the next day. But it'd likely be safe to trade other variables as well in conjunction with this one.
This could be really nice in conjunction with Fibonacci Retracements... Still need to research the 50% rule for more clarity, I don't quite get it yet.
I don't understand fibbonacci yet, but I've been doing some charting on this 50% rule with about 10 different criteria to come up with a plan of action. It mas be profitable and predictable. @rashaan7 you got any fib info?
I've been watching YouTube videos on fib retracements and after like 5 or 6 it just kinda clicked. Jason Stapleton explains it very well though if you watch a few of his videos!
sweet, i'll try it out.
@rashaan7 just became a fully transparent trader today!