Identifying high quality setups on the daily chart is perhaps the most important part of my premarket prep.
Here are 8 of the easily identifiable setups that I look for🧵:
Here are 8 of the easily identifiable setups that I look for🧵:
1. Flags
2. Channels
3. Trendline Breaks
4. Rising/Falling Wedges
5. Horizontal Support/Resistance Zones
6. Pennants
7. Price Gaps
8. Volume Profile Gaps
Take some time this weekend to research and study these setups. Then practice finding them on your own.
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Give me a follow @DwyaneTrade3 for more educational content such as this. Thank you!
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