Price Action Swing Trading Strategy (Rule based)
🧵
NO Indicator needed
#StockMarket #Trading
@kuttrapali26 @bhatiamanu @KommawarSwapnil @Simple_trader_
🧵
NO Indicator needed
#StockMarket #Trading
@kuttrapali26 @bhatiamanu @KommawarSwapnil @Simple_trader_
Step 1⃣
Identify a downtrend and draw a trendline by connecting Swing High.
Identify a downtrend and draw a trendline by connecting Swing High.
Step 2⃣
wait for the Trendline breakout.
wait for the Trendline breakout.
Step 3⃣
🟢Identify the Resistance level
🟢Use the Rejection from Trendline to draw the resistance
🟢Identify the Resistance level
🟢Use the Rejection from Trendline to draw the resistance
Step 4⃣
Wait for the breakout of Resistance
Wait for the breakout of Resistance
Step 5⃣
🟢Take Entry on a pullback near resistance
🟢Keep Swing low as Stoploss
🟢Target should be 1:2
🟢Take Entry on a pullback near resistance
🟢Keep Swing low as Stoploss
🟢Target should be 1:2
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The goal is to educate people about markets one thread at a time.
Follow👥@AakashSSawant1 for more such content
Checkout my Twitter timeline for the previous 2⃣4⃣ Strategies/educational content
docs.google.com
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