Wait For Price To Break Trend Line. Wait For Price To Close Below Trend Line.
Watch For A Price Action Signal To Form On The Retest. Watch For A Rejection Candlestick or a Pin Bar. In the example below, the candlestick wick protrudes through EMA 10, EMA 20, Trend Line, and 50% Fibonacci Retracement Level.
Enter at the close price of rejection candlestick. Close Price is 188.13 in this example.
Note: The best trend lines has 4 or more touches.
Watch For A Price Action Signal To Form On The Retest. Watch For A Rejection Candlestick or a Pin Bar. In the example below, the candlestick wick protrudes through EMA 10, EMA 20, Trend Line, and 50% Fibonacci Retracement Level.
Enter at the close price of rejection candlestick. Close Price is 188.13 in this example.
Note: The best trend lines has 4 or more touches.