Hello traders!
Welcome back to another episode with Analyst Aadil1000x.
This is my old strategy and it is not the top-ranked strategy but yes it's in the top 5 ranks out of my 500+ strategies.
This is a 3-step formation and this formation starts whenever there is a resistance that remains untested.
"Every trendline and S/R level is formed to be broken and after a breakout, there must be a retest" Aadil1000x.
What I mean by the statement is that if a trendline is too steep then it will be broken soon but too steep can not be retested. But if it's not too steep so whether the market reaches anywhere trendline will be tested.
Same in Support/Resistance level it cannot remain untested. If we know the market will come back there so we can count the step so that we can catch the peak of the retracement. In the first two steps, we form the trendline from the bottom, and after every breakout towards the downside Market will rise. On third step we will form the breakout from the top and after a breakout towards the upside market will drop and will go back to the magnetic line. Now the 1126 level will work like a magnet and the market will be there soon.
I am posting a chart of this formation as an example.
Don't forget to give some boost and follow to stay connected.
Welcome back to another episode with Analyst Aadil1000x.
This is my old strategy and it is not the top-ranked strategy but yes it's in the top 5 ranks out of my 500+ strategies.
This is a 3-step formation and this formation starts whenever there is a resistance that remains untested.
"Every trendline and S/R level is formed to be broken and after a breakout, there must be a retest" Aadil1000x.
What I mean by the statement is that if a trendline is too steep then it will be broken soon but too steep can not be retested. But if it's not too steep so whether the market reaches anywhere trendline will be tested.
Same in Support/Resistance level it cannot remain untested. If we know the market will come back there so we can count the step so that we can catch the peak of the retracement. In the first two steps, we form the trendline from the bottom, and after every breakout towards the downside Market will rise. On third step we will form the breakout from the top and after a breakout towards the upside market will drop and will go back to the magnetic line. Now the 1126 level will work like a magnet and the market will be there soon.
I am posting a chart of this formation as an example.
Don't forget to give some boost and follow to stay connected.
