A Simple Look At Bounces From 20-Day Lows During Long-Term Uptrends

The study below is from last night’s Subscriber Letter.  It looks at a possible reversal pattern off a 20-day low, and uses very simple criteria.  
Results here seem to suggest a solid upside edge.  Intermediate-term lows in long-term uptrends often offer buying opportunities.  And they are commonly good for more than just a 1-day bounce.