4 Tweets 23 reads Feb 12, 2023
3 things to look for in
Trend Reversal Trading
#StockMarket #investing
1️⃣ Reversal at key levels
Reversals at key support and resistance or key demand and supply levels are more effective.
2️⃣ Wait for trendline breakout
For a better reversal confirmation. wait for a complete candle to close: below the immediate trendline (for short trades); above the immediate trendline (for long trades)
3️⃣ For for Swing level to break
Wait for the immediate swing high/low level to be broken by the; bullish momentum candle (for long trades) bearish momentum candle (for short trades)
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