Hello everyone!
For my 100th analysis I want to give you some of my tips, to make it educational!
Let's begin...
I use 3 steps/signs to confirm me that a
breakout is a real breakout:
Step 1: 2 consecutive daily candles below
or above the trend line, support
resistance etc.
Step 2: 1 to 3% of price breakout below or
above the trend line, support etc.
Why? .... A strong move show us a
a strong power on the other side of
participants.
Step 3: Friday close....What is Friday close?
Friday close is the end of the week,
if the Friday candle close below or
above of my levels it means that the
power remain on the other side(bullish
or bearish). So it is a big probability to
continue like this on the next week!
Enjoy it!
For my 100th analysis I want to give you some of my tips, to make it educational!
Let's begin...
I use 3 steps/signs to confirm me that a
breakout is a real breakout:
Step 1: 2 consecutive daily candles below
or above the trend line, support
resistance etc.
Step 2: 1 to 3% of price breakout below or
above the trend line, support etc.
Why? .... A strong move show us a
a strong power on the other side of
participants.
Step 3: Friday close....What is Friday close?
Friday close is the end of the week,
if the Friday candle close below or
above of my levels it means that the
power remain on the other side(bullish
or bearish). So it is a big probability to
continue like this on the next week!
Enjoy it!