Sentences with phrase «chart after a breakout»
Not exact matches
$ MZOR has tightened up on the weekly chart the past two weeks after a false breakout above $ 43.
http://www.morpheustrading.com/
The next chart shows the subsequent breakout action after identifying this stock as a Trend Reversal buy setup:
An inside bar is best traded as a trend - continuation pattern on the daily chart, they can be thought of as «breakout» plays and can provide very good risk reward potential to jump aboard a trending market as it resumes its movement after a brief pause or consolidation.
Please note that this should ONLY be tried after you have successfully mastered trading inside bars in - line with the daily chart trend as continuation / breakout plays, as we discussed above.
But it's not as easy as looking at a chart, recognizing the resistance and then buying after a breakout.