The ABC Downs Scan, shows those stocks that have fallen in an ABC Down sequence. An ABC Down move is a Technical term, used by Chartists and Technicians. It is a long established theory, that stocks move up and down in an ABC sequence.
ABC Down moves are followed by ABC up moves, within a Wave sequence.
If you're able to get into a stock just as it has fallen to the C level, you have a perfect set-up to catch the ABC up move.
These ABC moves occur in different time frames.
They can be minute, hour, daily, weekly, and monthly ABC Downs.
Traders who look for short-term gains on their Plays, use the smaller time frames in looking for theses ABC Down moves.
Thaat is what I like to do. I don't want to tie my money up for a long period of time. I want to get in, and get out, and go to the next Play.
Hope this helped you. Good Luck !!
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