After a reaction, if the new extreme point is lower then the previous extreme point. Get out as soon as possible since one gap down could make you in trouble. See the chart of SQNM.
My this selling rule could let you avoid such nightmare.
Tiger Gao's No. 2 Selling Rule:
- Pivot point new higher high top, compared to previous major high
- The nearest uptrend line broken down
- Substantial profits between the new high and the nearest high in a short time
Tiger Gao's No. 3 Selling Rule:
- The technical analysis target is reached after the breakout
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