The technique relies on specific manual calculations and price observations rather than modern indicators or news events: Taylor Trading Technique: The 3-Day Market Rhythm Explained
A recovery back above the previous day's low suggests a rejection of lower prices and a potential rally. Day 2: Sell Day Objective: Exit long positions for a profit. The Taylor Trading Technique
Traders look for the market to test or "violate" the previous day's low. The technique relies on specific manual calculations and
Traders look to sell into the strength of the rally at "objective price levels" near the prior day's high. Day 3: Sell Short Day The Taylor Trading Technique