Bullish Candlestick Patterns: Look for reversal patterns like hammer, bullish engulfing, or morning star at the bottom.
Volume analysis for strength of reversal
🔹 Entry signals:
Buy near support when price rejects lower boundary
Sell near resistance when price rejects upper boundary
🔹 Stop-loss:
Below support for long trades
Above resistance for short trades
🔹 Take profit:
Mid-range or opposite boundary of the range
🔹 Best used with RSI, Stochastic, or MACD for extra confirmation
Volume analysis for strength of reversal
🔹 Entry signals:
Buy near support when price rejects lower boundary
Sell near resistance when price rejects upper boundary
🔹 Stop-loss:
Below support for long trades
Above resistance for short trades
🔹 Take profit:
Mid-range or opposite boundary of the range
🔹 Best used with RSI, Stochastic, or MACD for extra confirmation
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.