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We start off today’s webinar discussing the use of level 2’s and how we could structure a plan around them. We originally focus on the shown sizes at various levels and how we could use them to our advantage. Using the time and sales along with level 2’s, you can start to spot hidden size when it’s not budging with small size shown.
Today we scan for stocks on their lows with over 15% short float. This brings up many stocks sitting on cliffs.
We then search for stocks with overbought RSI levels. This leads to quite a few launch pad setups. Then we change the criteria to look at candles with large lower wick or large upper wick.