When the price is 0.10 below the low of the reversal candlestick bar, it
is your entry signal. Remember, you are not making the entry
decision, the stock is making it for you and all you need to do is to act
on it. If the price does not drop but goes up instead, it will be a “no
go”. This is supposed to be mechanical and no emotions are involved.
Use a conditional order to automate the trigger to purchase so you
don’t have to wait all night. (Malaysia and Singapore trading hours, 12
to 13 hrs difference)
The Put option strategy
AMGEN INC. has been spotted a reversal candlestick bar formation and
has fulfilled all the conditions as stated earlier. The stock price is 0.10
below the low of the reversal candlestick bar and you are ready to
enter.
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