Hey traders,
Breakout trading is one of the most popular trading strategies.
Being quite simple in theory, it remains quite complex and complicated in practice.
In this post, we will discuss 7 steps every breakout trader must follow.
💬And just in brief about a breakout trading itself:
this method aims to spot a key level (it might be horizontal...
1) What is a consolidation?
Consolidation means when the price of a stock or security moves sideways within a range.
In this pattern the price makes the same highs and/or same lows. The highs form a resistance level, and lows form a support level. The longer the consolidation is, the stronger the breakout/breakdown will be.
When the price is moving within the...
Hello everyone , as we all know the market action discounts everything :) I have created this short video to explain How To Trade Breakouts , everything you need to know about this strategy is here.
First we got to understand what is a breakout but before u start using this strategy take your time and understand the information well .
so what is a breakout : a...
Whenever i see a trend-line break , but not a follow-through move, i draw a parallel Trend line to the new low made.
And if the price break this new trend-line, then the chances of price follow through becomes high.
Hence nifty is sell below 8980 levels.
Do not follow blindly, please do your own research.
