In this episode of the Trading Justice Podcast, we discuss how to trade breakouts of resistance levels. The markets are hot right now setting all-time highs and recently broke out of a clear resistance level. How do traders tackle this situation and how do they trade it?
The stock market is full of clever axioms. Some have a lot of truth and can greatly improve your trading. However, the market is also full of statements and beliefs that are widely accepted that do not involve the principles of technical analysis and proper trade management at all. “Sell in May and Go Away” is one of them.
In this episode we deep dive on the Bullish Retracement pattern and how to identify and qualify it. Primary qualifications include trend, liquidity, candle retracement guidelines, how to read a technical catalyst, identify signal candles and recognize confirmation candles.