The Support Turned Resistance-Resistance Turned Support trading strategy is a based on the fact that sometimes, a support level which has been broken will act as a resistance level when price goes back up to it. Here’s an example of a STR. On the chart below, Notice the blue area is the support zone that [...]
The third strike trading strategy is based on this reversal chart pattern where: In a downtrend, price will be making those decreasing swing lows and then on the third swing low, it makes a drastic move upwards. Similarly, in an uptrend, price will be making peaks of increasing heights and then on the third peak, [...]
The Diamond Chart trading strategy is a reversal price action pattern which is rare to spot on the activity chart. This pattern is triggered in the form of a diamond top (bearish signal) and diamond bottom (bullish signal), and usually marks a period of congestion before a new trend emerges in the market. Timeframes : All [...]
The support and resistance level breakout trading system is a price action trading system; it is one of the simplest and easiest trading setups to spot and trade. This support and resistance level breakout trading strategy is different from the horizontal support and resistance trading strategy in which you trade the bounce of the price [...]
