Dear Friends,
I have already shared this strategy. Here i am sharing more charts for study.
Every day these setups happen. If we keep eye after 12.30pm on all indexes and search for stocks running close to support line. then we can easily find these stocks to trade.
Today Financial Services sector was down. I was doing my daily analysis of markets and i found these charts. So i thought i will post for you to study.
The pattern is exactly same. Important points in this strategy are as follows.
1. Price moves close to Support line which we marked close to the base of 1st 1 min candle.
2. Break of Support line and price move down. Price may make double or triple top after the break.
3. Test of Support. This also may be just 1 point or area where multiple times price will test the support line. Finally this support turns into resistance after 12.30pm
4. Enter short order with stoploss above resistance line.
5. Book profit at the end of session or at the next support level.
Study the charts.
I have already shared this strategy. Here i am sharing more charts for study.
Every day these setups happen. If we keep eye after 12.30pm on all indexes and search for stocks running close to support line. then we can easily find these stocks to trade.
Today Financial Services sector was down. I was doing my daily analysis of markets and i found these charts. So i thought i will post for you to study.
The pattern is exactly same. Important points in this strategy are as follows.
1. Price moves close to Support line which we marked close to the base of 1st 1 min candle.
2. Break of Support line and price move down. Price may make double or triple top after the break.
3. Test of Support. This also may be just 1 point or area where multiple times price will test the support line. Finally this support turns into resistance after 12.30pm
4. Enter short order with stoploss above resistance line.
5. Book profit at the end of session or at the next support level.
Study the charts.
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