1) What Is Trend Line Breakout Strategy? 1.1) Draw the trend line by connecting the swing point (H, LH, LH formation & 2, 3 or more touch) 1.2) Adjust the TL as price unfold 1.3) After the 3 touches price will break the trend line and will give one direction price moment (Because many stop loss (for old sell) , limit order (new buy) will be there...
1) What is Trend Line Breakout Strategy? 1.1) Draw a trend line by connecting swing point (H, LH, LH formation) (2, 3 and more). 1.2) Adjust the trend line as price action unfold 1.3) After 3 touches price will break the trend line, and give one direction movement (because many stop loss, limit orders will be...
AB - dominant trend direction - (DTD) BC - pull back (Retest, Retrestment , correction, Sustain) CD - dominant trend direction - (DTD) DE - pull back
Two Types of S&R Breakout Retest Method 1.) (Hold at the S&R, brokeout (No retest) 2) Direct breakout of the S&R and Retest
These are the 4 pillars of the technical analysis 1) Support and Resistance 2) Trend Line 3) Fib Level 4) Candle Formation (Swing High, Swing Low)
4) Swing High, Swing Low (Analysis) 4 Types of canlde formation compare to previous candle (Up Candle, Down Candle, Inside Candle, Outside Candle) Higher High (HH) Higher Low (HL) Lower High (LH) Lower Low (LL) 1(HH,HL _ LH,LL)
Different Types of Powerfull Pattern Different Types of Powerfull Pattern Different Types of Powerfull Pattern Different Types of Powerfull Pattern
OUT COME OF PRICE WHEN APPROACHES THE RESISTANCE (BREAKOUT)
SBIN shall be reached 200 Rs on 27th july 10.00 am