Alex_Quiroga
Long

Resistance broken with a gap # 4

NYSE:GWW   W.W. GRAINGER, INC.
I give importance to two things
* First: Weekly Charts
* Second: the years that it took the price to broke the resistance (4 Years and 6 months)
And to this I add the way that the price broke the resistance line (an overnight Gap)
Not visible from the weekly chart but represented by a big green candle (red circle)
This idea meets this requirements:
Resistance breakout + price pullback or retracement + swing low + resistance now becomes support

Deliberate practice eliminate overthink
Not spend too much time watching the same chart and rationalizing as an engineer
because there is no math to get you out of having to experience uncertainty
Train your eyes

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out