ITC LTDEducation
Real-World example of Price ROTATION trade and accurency
Updated
Keep your stop loss Outside of a penetration area.
The trade will execute after breaking up/down will give you the direction of trade.
Following points should be observed before entering to trade.
If you want to get UPDATE/ALERT when a breakout, LIKE this post.
The trade will execute after breaking up/down will give you the direction of trade.
Following points should be observed before entering to trade.
- 1) Volume should increase from the normal range of it.
- 2) The volume with the price. For instance, if down-breakout, price fall with raising volume will favor of your trade direction.
- 3) Take price when price heavy surge in volume, because of most of the trader book the profit at that time.
- 4) Read price but not news or other talks.
- 5) etc.
If you want to get UPDATE/ALERT when a breakout, LIKE this post.
Note
ITC is still in price rotation and first touched to uparside penetration.Trade closed: stop reached
I hope you learn from it. after up penetration, we have seen fall.Trade closed: target reached
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