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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 Aufrufe • vor 2 Monaten •via X (Twitter)

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6 Kommentare

Profilbild von Joe Murphy
Joe Murphyvor 2 Monaten

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

Profilbild von Joe Murphy
Joe Murphyvor 2 Monaten

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?

Profilbild von Aksel Kibar, CMT
Aksel Kibar, CMTvor 2 Monaten

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

Profilbild von Joe Murphy
Joe Murphyvor 2 Monaten

I see, same

Profilbild von Mind Math Money
Mind Math Moneyvor 2 Monaten

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

Profilbild von GP
GPvor 2 Monaten

Is $5.63 your entry point for a buy?

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