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
3⃣ Breakout Retest short (BORS)
After a base breakout, the BORS setup takes place when price comes back testing the BO pivot within a short period only.
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
4⃣ Breakout Retest Long (BORL)
Sometimes we breakout with a lot of strength, but we pullback during a couple weeks back to the BO level in a wedge pattern.
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
5⃣ Breakout 10ema PB (BO10PB)
When the b/o is powerful & buying pressure is sustained, we don't always get a breakout level retest. In that case we might only get a pullback to the 10dma. You want to wait for that lower risk entry to form, specially if you missed the initial b/o
Buy:
• DTL breakout ideally on higher than avrg. volume, OR
• DTL breakout daily high (NEX=6.69$), OR
• Intraday DTL breakout H1 high, OR
• B/O swing high PIVOT b/o daily high, OR
• B/O swing high PIVOT b/o H1 high
Stop Loss:
• Low Of Day (LOD), OR
• Recent swing low
6⃣ Breakout 21ema PB (BO21PB)
When the b/o is powerful & buying pressure is sustained, we don't always get a breakout level retest. In that case we might only get a pullback to the 21dma. You want to wait for that lower risk entry to form, specially if you missed the initial b/o
Buy:
• DTL breakout ideally on higher than avrg. volume, OR
• DTL breakout daily high (DOCN=82.78$), OR
• Intraday DTL breakout H1 high, OR
• B/O swing high PIVOT b/o daily high, OR
• B/O swing high PIVOT b/o H1 high
Stop Loss:
• Low Of Day (LOD), OR
• Recent swing low
You can also read it in my recent
@substack Education series article 🖊️👇
https://t.co/fe9Wvfg75Z
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