It makes sense for there to be a ton of market volatility right now thanks to the Federal Reserve’s decision to raise interest rates by 0.75%, the largest hike we’ve seen since 1994… And the fact that we’re still in one of the worst market shakeouts since the COVID-19 crash in March 2020.
To help calm everyone’s nerves this week, I’d like to introduce you to my favorite and the best pullback indicator, the Williams %R…
I tend to talk about pullbacks in a lot of my videos. However, if you’re wondering exactly what they are, they’re a pause or moderate drop in the price of a stock. And they’re relatively short in terms of duration.
But the real question you should be asking is how we can gauge those pullbacks in price…
How to Use the Best Pullback Indicator in Your Own Trading
In the past, we’ve talked a lot about the Relative Strength Index and 10-day pullbacks…
Those work great when you change the settings from 14 days, which is the standard, to 10 days (which is two weeks of trading days). And again, these are both simple indicators you can use to spot pullbacks — and they work well.
But a lot of traders don’t like to look at two separate indicators…
They just want to use one simple indicator.
So I’ve gotten a lot of requests this week asking for another one of my favorite pullback indicators…
This one’s called the Williams %R…
This indicator was not designed, created or tested to use on stocks. It’s actually a commodity indicator. And as I’ve told you all plenty of times, commodities are a trendy market whereas stocks are counter-trending.
In other words, it means stocks move more up and down.
Check out the short video and I’ll show you how to use the best pullback indicator in your own trading.
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
P.S. If you follow the stock market like I do, then you already know it just recorded its lowest close since June 2020.
That’s not comforting to hear for most retail traders…
I first sought out to create a system that’s purpose was to thrive in bull markets… But then I noticed it ended up working better in a crash.
I’m glad that happened because even though alarms are sounding across the world right now, we can still take advantage of this strategy…
So I decided to host a live training session at 1 p.m. EDT on Tuesday, May 24, to show everyone my research and explain how this system works.
