Like/Follow if you enjoyed this post :)
Please watch the video for a full demonstration!
What is a breakout? A breakout is any time the price breaks above a strong resistance point. You can go back in history and continually see this pattern over and over. As day traders and swing traders ourselves, we never want to miss a breakout, but we also don't want to trade breakouts where there is too much downward momentum.
To solve this, we created the Above Water Breakouts indicator. With this indicator, you will never miss a breakout above strong resistance. But not only that, we have coded this indicator to prevent you from entering into breakouts above resistance lines where too much downward momentum is present (when the price is below the water).
The way you use this indicator is simple:
Buy when the price is above the water, and Sell when the price is below the water. It really can't get any easier than that. We have used this indicator on many trades and it has been profitable for us many times as you can see in the video.
Well, that's the end of this education, I hope this inspired you to start trading breakouts!
Use This Indicator Today!
Above Water Breakouts
Enjoy life, enjoy trading!
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.