DislikedConcept of former support turned into resistance (or viceversa). After the breakout, wait for the pullback retesting breakout levels and if it holds enter upon making news highs (or lows in a breakout to the downside). Only in the direction of the main trend for safety, discard breakouts in the other direction.Ignored
- #21
- Jun 13, 2007 6:11pm Jun 13, 2007 6:11pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
- #22
- Edited 3:44am Jun 14, 2007 3:33am | Edited 3:44am
- | Commercial User | Joined Sep 2005 | 1,118 Posts
- #28
- Nov 27, 2008 2:27pm Nov 27, 2008 2:27pm
- Joined Sep 2008 | Status: hardcore chartist | 2,173 Posts
- #33
- Nov 30, 2008 8:47pm Nov 30, 2008 8:47pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts