BlackCar

My Support and Resistance Strategy on the US 30.

Education
CAPITALCOM:US30   Dow Jones Industrial Average Index
This is a brief primer of my trading strategy. I am a classic support and resistance trader, using an Order Block Detector from Lux Algo on multiple time frames, the 15 min, 1 hour and 4 hour, superimposed on a 5 minute chart. I use a Fibonacci Regression tool to do that. Then I wait for price to enter the buy or sell zones I've marked out. I look for identifiable patterns, like a head and shoulders or inverse head and shoulders, strong buyers or seller wicks, or Ascending or Descending triangles in or around these special zones to indicate that a setup is ready to go. It's a very good system that works for me. Please let me know if you have any questions.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.