Tendency upwards Waiting for a break then a retest (candlestick in my direction)
Tendency downwards Waiting for a break and retest (candlestick in my direction)
Trade 1 - Wait for a break of resistance (ceiling). - Wait for a RETEST (where price closes above the previous level of resistance). - Once price confirms resistance as a new support (floor), it is safe to enter. - Price doing this is a SHIFT in MOMENTUM. Trade 2 - Wait for a break of support (floor). - Wait for a RETEST (where price closes below the previous...
Trading Rules Tendency = Downwards/Upwards CONTINUATION Wait for a break of resistance/Support (ceiling/floor). Wait for a RETEST (where price closes above/below the previous level of resistance/support) Once price confirms (Candle in our direction) resistance/support as a new resistance/support (or Vice Versa), it is safe to enter Price doing this is a...
Trading Rules Tendency = Downwards/Upwards CONTINUATION Wait for a break of resistance/Support (ceiling/floor). Wait for a RETEST (where price closes above/below the previous level of resistance/support) Once price confirms (Candle in our direction) resistance/support as a new resistance/support (or Vice Versa), it is safe to enter Price doing this is a...
Trading Rules Tendency = Downwards/Upwards CONTINUATION Wait for a break of resistance/Support (ceiling/floor). Wait for a RETEST (where price closes above/below the previous level of resistance/support) Once price confirms (Candle in our direction) resistance/support as a new resistance/support (or Vice Versa), it is safe to enter Price doing this is a...
Trading Rules Tendency = Downwards/Upwards CONTINUATION Wait for a break of resistance/Support (ceiling/floor). Wait for a RETEST (where price closes above/below the previous level of resistance/support) Once price confirms (Candle in our direction) resistance/support as a new resistance/support (or Vice Versa), it is safe to enter Price doing this is a...
Trading Rules Tendency = Downwards/Upwards CONTINUATION Wait for a break of resistance/Support (ceiling/floor). Wait for a RETEST (where price closes above/below the previous level of resistance/support) Once price confirms (Candle in our direction) resistance/support as a new resistance/support (or Vice Versa), it is safe to enter Price doing this is a...
***BACKTEST*** Tendency = Downwards CONTINUATION Wait for a break of support (floor). Wait for a RETEST (where price closes below the previous level of support) Once price confirms (Candle in our direction) support as a new resistance, it is safe to enter Price doing this is a continuation of a DOWNTREND SHIFT Wait for a break of resistance(ceiling). Wait for a...