3. Trend Direction
Trade only in the direction of the trend:
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Charles Schwab is charted with 7-day and 150-day exponential moving averages, used to track the primary trend.
By October 23rd, when the market signals an up-trend [M], the stock is trending strongly upwards:
This is also evident from the successively higher peaks and troughs on the secondary cycle and the new High reached on October 20th.