Top 5 Price Action Secrets from my trading experience

In this post I'm going to share some Price Action observations that can level up your trading game. 🚀

1) Whenever a stock breaks out on a monthly or weekly timeframe after years of resistance, the stock has the potential to deliver returns of more than 40% in the following weeks. In the chart below SASTASUNDR after a breakout from 10 year resistance gave more than 300% returns in 6 months.

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2) Even in falling markets, when a stock consolidates it is a signal of strength, and it has a significant potential to make a huge move once the market has corrected.

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3) If an industry sector and the overall market are both consolidating at the same time, and only a few stocks are attempting to break out, the likelihood of their failure increases dramatically.

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4) When the market begins to rebound, the strongest stocks will generate higher returns and set new highs.

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5) If a stock is accumulating or remaining close to its primary resistance or support, its chances of achieving BO/BD are significantly increased.

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