Technical Post:
Combining with real trading, let's talk about what a breakdown pullback is that friends usually don't understand, and what a right-side pullback is.
See Chart 1
10.1 is the rebound point at the bottom support of the range for the past week.
What happens after a breakdown? The support and resistance switch positions after the breakdown.
So we talk about entering on breakdown pullbacks, and entering on breakdown trends (like daily viewpoints, play with the strong, trade on breakdown trends).
So what is entering on the right side?
Rebound from support, rebound to resistance and then test support again, defend previous lows on the left side, and enter if the right-side support holds.
This is entering on breakdown pullbacks and confirming entry on the right side.
Combining with real trading, let's talk about what a breakdown pullback is that friends usually don't understand, and what a right-side pullback is.
See Chart 1
10.1 is the rebound point at the bottom support of the range for the past week.
What happens after a breakdown? The support and resistance switch positions after the breakdown.
So we talk about entering on breakdown pullbacks, and entering on breakdown trends (like daily viewpoints, play with the strong, trade on breakdown trends).
So what is entering on the right side?
Rebound from support, rebound to resistance and then test support again, defend previous lows on the left side, and enter if the right-side support holds.
This is entering on breakdown pullbacks and confirming entry on the right side.
