Anyone worth their salt knows you should never follow the herd and be a stock market sheep… but that doesn’t mean it’s not easy to fall into the trap of FOMO.
That’s why I like to use counter trend lines in my trading strategy.
Countertrend trading is a type of strategy that assumes whatever current trend is happening on the stock market will eventually lose its popularity, and the investor will then profit from the result.
Trendlines are the lines that traders like you and I draw on our charts to give us an idea of how the market is going to move.
So, entering a trade on a counter trend line break can give you twice the buying opportunities than usual… especially in the overbought market we’re seeing right now…