CHECK LIST.
1. HORIZONTAL SUPPORT OR RESISTANCE
2. VERTICAL SUPPORT OR RESISTANCE ( TRENDLINE)
3. AT LEAST THREE TOUCHES OF THE TRENDLINE
FOR SELL
1. HORIZONTAL SUPPORT
2. VERTICAL RESISTANCE ( TRENDLINE)
FOR BUY
1. HORIZONTAL RESISTANCE
2. VERTICAL SUPPORT ( TRENDLINE)
ENTRY CANDLESTICKS ( RESEARCH MORE ON CANDLESTICKS TO BE ABLE TO IDENTIFY THE ONE FOR BEARISH AND THE ONE FOR BULLISH)
1. MORNING STAR OR EVENING STAR
2. ENGULFING CANDLE ( COULD ALSO BE CANDLES THAT ENGULFS COMPLETELY THE LAST CANDLE THAT TOUCHED THE SUPPORT OR RESISTANT )
3. RAILROAD TRACK
PLEASE NOTE: THIS ARE THE ONLY ENTRY CANDLESTICKS YOU MUST STRICTLY FOLLOW, THEY HAVE PROVEN TO BE THE MOST EFFECTIVE CANDLESTICKS IN MY 8YEARS OF MY TRADING JOURNEY.
EXAMPLES ARE IN THE PICTURE ATTACHED
RISK MANAGEMENT AS SEEN IN THE PICTURE
1. HORIZONTAL SUPPORT OR RESISTANCE
2. VERTICAL SUPPORT OR RESISTANCE ( TRENDLINE)
3. AT LEAST THREE TOUCHES OF THE TRENDLINE
FOR SELL
1. HORIZONTAL SUPPORT
2. VERTICAL RESISTANCE ( TRENDLINE)
FOR BUY
1. HORIZONTAL RESISTANCE
2. VERTICAL SUPPORT ( TRENDLINE)
ENTRY CANDLESTICKS ( RESEARCH MORE ON CANDLESTICKS TO BE ABLE TO IDENTIFY THE ONE FOR BEARISH AND THE ONE FOR BULLISH)
1. MORNING STAR OR EVENING STAR
2. ENGULFING CANDLE ( COULD ALSO BE CANDLES THAT ENGULFS COMPLETELY THE LAST CANDLE THAT TOUCHED THE SUPPORT OR RESISTANT )
3. RAILROAD TRACK
PLEASE NOTE: THIS ARE THE ONLY ENTRY CANDLESTICKS YOU MUST STRICTLY FOLLOW, THEY HAVE PROVEN TO BE THE MOST EFFECTIVE CANDLESTICKS IN MY 8YEARS OF MY TRADING JOURNEY.
EXAMPLES ARE IN THE PICTURE ATTACHED
RISK MANAGEMENT AS SEEN IN THE PICTURE