Hi Team 👋
Here’s a quick guide on Breakout Trading:
1. Double Top: This pattern looks like two peaks at about the same price level. It's a signal that the price might startà dropping.
2. Support Zone: These are the levels where the price tends to bounce back up instead of dropping further.
3. Breakout: When the price breaks through a support zone and keeps falling, that's a breakout.
4. Retest: Often, the price will come back up to check if the broken support zone can now act as resistance. If it holds and the price starts to fall again, that's our sign to consider selling.
Remember, the key to breakout trading is to wait for confirmation, like a retest that doesn't break through. That's when we make our move.✔️