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Type 2 breakout. Breakout, pullback and continuation. Previous resistance becomes the new support.

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Aksel Kibar, CMT

188,015 subscribers

24,271 views • 2 months ago •via X (Twitter)

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6 Comments

Joe Murphy's profile picture
Joe Murphy2 months ago

well actually not in this case but for a market that moves far in the right direction and then comes back.

Joe Murphy's profile picture
Joe Murphy2 months ago

Aksel most of the time I will be knocked out of these at BE, I am interested in your approach to stop loss placement. Are you very much a set and don’t move it person?

Aksel Kibar, CMT's profile picture
Aksel Kibar, CMT2 months ago

Mostly from last full day low to slightly below pattern boundary until price starts moving. Later I might deploy ATR trailing.

Joe Murphy's profile picture
Joe Murphy2 months ago

I see, same

Mind Math Money's profile picture
Mind Math Money2 months ago

The pullback is where a breakout tells the truth. No retest, no trust.

GP's profile picture
GP2 months ago

Is $5.63 your entry point for a buy?

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