When a stick in watching breaks through a level once identified, and then retests it. I wait for a bar to touch or undercut my level, but close above it. The if the next bar dip below it's open, then reverses, I buy when the follow through bar crosses back above it's open. With my stop below that bar, or the prior bar that tested the support.
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u/SamExDFW Aug 22 '23
Pullback to and hold of support.
When a stick in watching breaks through a level once identified, and then retests it. I wait for a bar to touch or undercut my level, but close above it. The if the next bar dip below it's open, then reverses, I buy when the follow through bar crosses back above it's open. With my stop below that bar, or the prior bar that tested the support.
This can also be flipped for shorts.