This thread is about the technical setups I use day in/out to trade the markets 📒
1⃣Wedge break (WB)
2⃣Wedge break pullback (WBPB)
3⃣Breakout Retest short (BORS)
4⃣Breakout Retest Long (BORL)
5⃣Breakout 10ema PB (BO10PB)
6⃣Breakout 21ema PB (BO21PB)
That's my playbook 👇
1⃣ Wedge break (WB)
Price forming an orderly pullback contained by a down trend line (DTL). You want to see low volume within that wedge formation, with small down swings ideally.
Buy:
• DTL breakout ideally on higher than avrg. volume, OR
• PIVOT breakout daily high, OR
• Intraday PIVOT breakout H1 high
Stop Loss:
• Low Of Day (LOD), OR
• Recent swing low
2⃣ Wedge break pullback (WBPB)
After the WB, you often have a retest of the DTL, we then find support and follow through on the upside.
Buy:
• PIVOT breakout ideally on higher than avrg. volume, OR
• PIVOT breakout daily high, OR
• Intraday PIVOT breakout H1 high
Stop Loss:
• Low Of Day (LOD), OR
• Recent swing low