1. Spot the breakout 2. wait for the retest 3. find an indication (read: divergence) that suggests prices to fall (in this case) 4. enter a trade with proper risk managment Stay safe, learn before you can take positions! Do not just blindly follow anyone. "Be a student & not a follower!"
Take care ofcritical supports
WHAT WILL HAPPEN NEXT WILL IT HOLD AT TL/BO OR WILL FALL FURTHER #MY VEIW IT SHOULD HOLD AND SUSTAIN AT TL AND THEN WILL GO FURTHER FOR 790 BUT BEFORE THAT WE MUST WAIT FOR RETEST AND 2ND BO THIS CHART POSTED FOR STUDY PURPOSE ONLY
In Tata Motors you will notice that after the trendline breakout there was a panic selling, traders who have short there and thought it was just a retracement when the price was reversing were trapped This is also a fakeout Setup Where smart traders went long! If you are passionate and want to learn this kind of Professional Price Action Techniques You can contact me
This chart was shared here. Hope you could benefit guys.