What is trader to do? There are number of ways to take advantage of this pattern. Trend followers might want to enter longer term trades in September, at levels just below/above August lows/highs. These moves tend to be strong and directional, as if traders, after a long rest, were very determined to make trends happen. Most recently, this simple approach has been providing very good results.
Day traders might want to adjust their methods a little bit during the month of August. For example, most targets for trades are derived using some kind of projection technique, which gives target as a specific target.
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