Is It Time for Bargain Hunting to Bet on a Relief Rally?

Watch the video extracted from the live session on 15 Aug 2023 below to find out the following:

• The very first thing we need to seek on in anticipation of a relief rally.
• Is now the time for bargain hunting for investing and position trading?
• How to define a “change of character” bar and why is it significant for predicting a technical rally
• How to seek confirmation from the volume for a market reversal
• And a lot more

Since there is a presence of demand as shown in the support zone, it is essential to get a bullish change of character bar (refer to the characteristics as discussed in the video) before betting on a relief rally.

The bullish vs. bearish setup is 309 to 208 from the screenshot of my stock screener below pointing to a positive market environment. Yet, the increase in market volatility makes it challenging for upside follow-through for the majority of the stocks.