I was hardly profitable for 7 long years...
until I found this low-risk strategy! 😃
This strategy is MY FAVOURITE &
• Low risk & High reward
• profitable even with 40% win rate
• can help one take big positions
• can make you 💸
REVERSALS FROM CONFLUENCE OF SUPPORTS🧵...
1⃣ Scanner to use
Use the below scanner & only focus on stocks in the list 👇
'CCI Daily crossing above
2⃣ Add these stocks to Trading watchlist to scan
You can do this in 5 mins, literally! Watch the below video how to do it👇
Scan each stock manually with your
3⃣ Stock MUST be near confluence of supports!
What's that? There are two rules
Rule 1:
• Price should be reversing from a major horizontal support zone Ex: #GOKEX
This should be visible clearly on weekly/daily charts
4⃣ Rule 2:
• Price should be reversing from major trendline support
If you also observe
• Candles with long lower wicks or
• Big green candles - refer chart
then winning probability increases😃
This reversal from HORIZONTAL & TRENDLINE Support is reversal from confluence!