Bull Market Correction

bull market correction risk profile aggressive or speculative trade strategy market lower by 15 30% and near 60 period low the golden cross is a classic trading signal used to trade market bottoms the key component of the strategy is when the 50 day moving average crosses above the 200 day moving average it is a popular technical indicator in stock trading, mainly used to invest in markets that have been in a bear market but are showing signs of bottoming this strategy is well suited for traders seeking to capitalize on a sharp correction in a bullish market trend the primary objective is for the pullback to remain above the 200 day moving average, with prices near the 60 period low additionally, the correction should be substantial, at least 15%, and potentially up to 30% options strategies/bot group pure golden cross options strategies/bot group bull market correction bots bottrading navigate to "bot trading" or click on "search bots" from the drop down menu bots in this case, we have two bots under the “bull market correction” bot strategy bull market correction long call 50/30/10 butterfly https //www optioncircle com/bot/bullmarketcorr bf bull market correction call spread https //www optioncircle com/bot/bullmarketcorrcall bot workflow bot rules trading strategies time create a schedule for the bot to run daily, weekly, or monthly equity pre screen technical preferences and import them directly into the bots consider the following criteria bull market correction price above 200 ma price 15% 30% below 52 week high price 60 period low price > $10 decision (technical indicator) added additional real time or historical market or technical indicators as needed to optimize the performance or minimize losses open position execute a sell put spread or bull put spread set delta at 40/20 (mid price bid price) ensure open interest is greater than 50 close order (oco) close the position if profit exceeds 75% loss exceeds 50% within 2 days before the expiry