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.
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---------- Disclaim ----------02/2019 This is only a personal opinion and does not serve as investment nor trading advice. You should make their own decisions, carefully assess risks and be responsible for investment and trading activities.