Kardex Trader explains a price-action strategy that waits for price to retrace to roughly the 50% midpoint of a range before entering. The method targets specific continuation moves and avoids chasing trades against the prevailing trend, reducing exposure to false breakouts.
price is tumbling. Yeah, all I want to see is price trade into 50% of the range here and then 50% of this range. Yeah, and all I want is this move right here because at that point, if this is going to continue to here, great. If it's not, it's most likely going to reverse from here. So all I need is this move right here. I don't need to trade from here to here because this is a risky move, and I don't need to try and grab this because this is fighting the overall downtrend
