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Bullish Signal came in from DARA (Which candlestick pattern do you see?…
Bullish Signal came in from DARA
Which candlestick pattern do you see?
Pin bar
Engulfing
Pin Bar
Dark Cloud/Piercing
Outside bar Pin bar + Engulfing combo
No pattern
NO TRADE
YES
Is it really a false breakout?
To confirm its a fakeout, the price crossed and bounced back from either one or multiple from the following
No Resistance level found or no bouce back
Last swing high
Double (or triple) bottom / top
Major RN
50% pullback from previous swing high
Bottom of a channel
200 MA or 50 EMA
Other major resistance level
YES
Nothing in the way to TPs?
Is TP1 and TP2 below major
Resistance levels?
Major RN
UBB
Last swing high
ATH
Other major resistance level
It is slightly above
Change TP below the level if R is still satisfactory
1 more item...
It is way above
YES
Is SL protected?
1 more item...
1.
2.
3.
4.
5.