Education

THE CONFIRMATION

Updated

We generally talk about breakdown and breakout confirmations. I have tried to present what confirmations actually are and how they are traded.

Some traders use indicators for confirmations, but in this post i have discussed confirmations based on price action only.

Same strategy can be used for breakouts.

Notes on the chart.

Hit like/comment for better educational posts in future.
Trade safe, stay healthy.

Best Regards
Bravetotrade

Note

Note

Fellows, should i link all my education posts with this one post. Just write 'yes'.

Note

Anticipate the Breakouts: Time-Volume-Momentum Relationship

How to Trade A Range and Potential Breakout

Note

Note

Breakout in BataIndia today was a perfect example of BOS Method.
Very strong uptrend supported by overall market strength..no pullback.
Breakout candle was huge so no attempt for FB or TFB

Note

Another example of a recent triangle breakdown in Nifty chart

Note

Five possible PRR entry points in the Nifty chart.

Note

Last Example: Nifty today. I know nobody trades 1 min. chart on Nifty but just have a look at it..just an e.g.

Note

All the best.

Bravetotrade

JJ Singh
Trader/Investor
Moderator, TradingView

🚀Join t.me/jjsingh_2020 ,
A Free Education channel

🚀Tweet at twitter.com/JaySingh_2020

Also on:

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.