I've heard about this '11 am rule' in trading, but I'm not quite sure what it means. Could someone explain what this rule entails and how it applies to trading?
5 answers
SsangyongSpirited
Mon Dec 09 2024
The absence of a reversal by this time suggests certain market dynamics.
BlockchainVisionary
Mon Dec 09 2024
The 11 a.m. trading rule represents a commonly adopted principle among traders.
FantasylitElation
Mon Dec 09 2024
Specifically, it indicates that the likelihood of a significant trend change diminishes for the remainder of the trading day.
ethan_lewis_journalist
Mon Dec 09 2024
This rule is rooted in historical patterns observed throughout trading history.
EchoWave
Mon Dec 09 2024
According to the rule, if a trend reversal has not happened by 11 a.m. EST, traders take note.