A failure to hold the early high indicates the beginning of a markdown phase, leading into the next Buy Day. Key Analytical Concepts
Identify a market bottom and initiate a long position. The Taylor Trading Technique
Traders look for the market to test or "violate" the previous day's low. A failure to hold the early high indicates
Following the Buy Day rally, the market often exceeds the previous day's high but fails to sustain the momentum. The Taylor Trading Technique
A recovery back above the previous day's low suggests a rejection of lower prices and a potential rally. Day 2: Sell Day Objective: Exit long positions for a profit.