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How invalidation of a short setup becomes a long setupExplanation of the Trading Setup Based on the Chart: "Short Re-test" Signal Creates Two Scenarios: Plan A: When a "Short re-test" signal appears, it indicates potential resistance and a possible continuation of the downward move. You can short with the expectation that sellers will dominate and push the price lower. Plan B: Alternatively, you prepare for a breakout, where price moves above the resistance formed by the "Short re-test" signal. This indicates a potential trend reversal or continuation of bullish momentum. In this case, Plan B was triggered, leading to a textbook breakout above the resistance zone. Breakout Confirmation and Retest Setup: After the breakout, the price moved higher and provided a "Buy re-test" signal. This is a classic example of a breakout retest pattern, where the price pulls back to test the broken resistance, which now acts as support, before continuing upward. Multiple "Buy Re-test" Signals Strengthen the Trend: Following the initial breakout and retest, the chart shows multiple green "Buy re-test" signals along the way. Each signal marks a new key support level, confirming bullish control and the reliability of the uptrend. Notice how each of the three key supports held, demonstrating strong demand at these levels and affirming the strength of the bulls. Key Takeaways: The initial "Short re-test" signal gave traders the opportunity to anticipate both a short continuation or a bullish breakout. Once the breakout occurred, it was followed by a strong series of retests, giving traders multiple low-risk entry points to go long. Holding key support levels after each "Buy re-test" signal validated the bullish momentum, creating high-confidence long setups as the trend progressed. This setup exemplifies how combining breakout strategies with retest confirmations can lead to profitable trades while maintaining manageable risk. Contact me to get a trial of that Impulse Master indicator
CME_MINI:ES1!Education
by CastAwayTrader
PEPE/USDT Ascending Channel Breakout WatchThe price is currently moving within an ascending channel pattern, indicating a potential bullish continuation. A breakout to the upside is expected, but confirmation is key. We'll look to accumulate PEPE near the lower trendline support around 0.0001995 for a long position. The breakout target is set at 0.0002412, offering a promising risk-to-reward opportunity. Ensure proper risk management by placing stop-losses below the lower trendline. Keep an eye on volume during the breakout attempt for stronger validation.
Long
by wolfchemist
BONK/USDT, Falling Wedge Breakout with Retest #BONK formed a Falling Wedge pattern on the BONK/USDT pair, which is typically a bullish formation. A breakout has already occurred, and the price is now retesting the upper trendline of the wedge. The area between 0.0000333 and 0.000032 appears to be a good entry zone for potential longs. If the retest holds, the price may aim for the expected target of 0.000046. However, confirmation of support around the retest level is crucial before entering a long trade. Keep an eye on the price action in this region and implement proper risk management strategies.
Long
by wolfchemist
Nifty50 Trendline Retest – What’s Next for Traders?The Nifty50 is at a decisive point, retesting a key breakout level. Here's my take on the key levels to watch and how traders can approach the market Nifty50 Analysis - 5th January What's Happening? Nifty 50 is at a make-or-break point. It recently broke out of a downward trendline, which is usually a good sign for bulls, but now the index is retesting that breakout. How it reacts at these levels will set the tone for the next move. Key Levels to Watch: - Resistance Zones: - 24,222 - 24,347 - 24,528 - Support Zones: - 23,990 - 23,897 - 23,790 - 23,592 Possible Scenarios: 1. The Bullish Path: If Nifty holds above 24,057 and shows strength, we could see a move to 24,222, and if the momentum is strong enough, it might even test 24,347 or 24,528. 2. The Bearish Path: If the price drops below 23,897, things could get dicey, with the index likely heading toward 23,790 and 23,592. How to Trade This? - For the Bulls: Look for sustained buying above 24,057 to go long. Targets: 24,222, 24,347. Stop loss: Below 23,897. - For the Bears: If the price slips below 23,897, you might want to short. Targets: 23,790, 23,592. Stop loss: Above 24,057. Final Thoughts: This is one of those moments where patience pays off. Let Nifty show its hand before jumping in. Watch those key levels closely, and always trade with a plan (and a stop loss!). NSE:NIFTY Let me know your thoughts on this setup! Do you think bulls will hold, or will bears take over?
NSE:NIFTY
by thetradeforecast
1
VEDL long consolidation BOStock will start booming after a consolidation at a resistance before BO; otherwise, a reversal is likely from resistance if the supply is huge. For a successful breakout, we should ideally see a strong 1week candle on our chart—it’s crucial to use that timeframe. Following the breakout, the ideal entry point would be after a consecutive candle that breaks above the breakout candle As always, remember to do your own research before making any investment decisions!
NSE:VEDLLong
by ShivNetha
Bitcoin - Please Look At This Timeframe!Bitcoin ( CRYPTO:BTCUSD ) is still totally bullish: Click chart above to see the detailed analysis👆🏻 Please just make sure, that you don't trust Bitcoin with its daily swings of more than -5%. Looking at the overall picture, Bitcoin is still incredibly bullish and almost trading at its all time high. Bulls are 100% in control of everything and some profit taking along the way is just normal. Levels to watch: $70.000, $100.000, $300.000 Keep your long term vision, Philip (BasicTrading)
CRYPTO:BTCUSDLong
by basictradingtv
51
PANACEABIO long consolidation about to BOIt looks like the stock is gearing up for a breakout after a period of consolidation. There's a significant supply zone around the 500 psychological level. For a successful breakout, we should ideally see a strong 1Month candle on our chart—it’s crucial to use that timeframe. Following the breakout, the ideal entry point would be after a consecutive candle that breaks above the breakout candle As always, remember to do your own research before making any investment decisions!
NSE:PANACEABIOLong
by ShivNetha
VANRY/USDT Breakout Alert: Ready for a 100%+ Rally!!🚀 Hey Traders! 👋 If this setup excites you, hit that 👍 and smash Follow for trade ideas that deliver real results! 💹🔥 VANRY: Primed for Liftoff! 🚀 VANRY is breaking out from a symmetrical triangle on the 4-hour timeframe and has successfully retested it. The chart is screaming bullish potential, and this could be the start of an explosive move! 📍 Entry Range: Current Market Price (CMP) – Add more up to $0.115 🎯 Target: 100-120% upside potential 🔒 Stop-Loss: $0.108 ⚖️ Leverage: Use low leverage (Max 5x) to manage risk 💬 What’s Your Take? Do you see the same explosive potential in VANRY? Share your analysis, strategies, or predictions in the comments below. Let’s capitalize on this opportunity together and secure those massive gains! 💰🌊
Long
by CoreCrypto1
Bitcoin - It Will Reach $100.000!Bitcoin ( BITSTAMP:BTCUSD ) will break out soon: Click chart above to see the detailed analysis👆🏻 Everything, and I literally mean everything, is bullish on Bitcoin. The previous cycles, timeframes, market structure and price action are all pointing towards the continuation of the bull run which started in 2023. And a breakout above the all time high, is the next trigger. Levels to watch: $70.000, $100.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
17