OVERSHOOTS Lead To Break of Trendline Stock Market Technical Analysis

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Overshoot are characterized by breaching the trend channel line on the opposite side of an trend. When the market is overshooting the trendlines, that is a sign of last bearish i.e. bullish activity and their are jumping on the last train. Overshoots will lead to break of a current trendline so you want to stay away from trades of the trendline while overshoots are present. • The best way to became consistantly profitable is to learn to read the chart in its purest form. There is no holy grail or set of indicators that can make you rich without work. Learning to understand how prices move and why they move is a learnable skill that anyone can achieve. • If you are interested in learning to day trade stocks, forex and futures SUBSCRIBE to the channel and I hope you enjoy the videos! • • • OUR PRICE ACTIONS RULES WORK IN EVERY MARKET AND EVERY TIMEFRIME. • • Priceaction is universal and technical analysis patterns repeat over and over again on consistent basis. • • In this video you will get a grasp of: • How to draw trendlines • Technical analysis of sp500 • What are second entries • How to trade trading ranges • How to use moving average • • • • • Trading with a fear is the most common fear most trade have. It is crippling and can get your mind frozen. The key to consistancy is to be emotionless and fear nothing in trading. • • Key rules of our strategy: • 1) Second entried in the direction of a trend • 2) Trendlines • 3) Failed breakouts • 4) Failed second entry counter trend • 5) Support and resistance • • Target Profit - 10 Ticks • Stop Loss - below signal bar (around 10 ticks) • • Overall market context is more important than individual patterns. • Technial analysis works and it repeats over and over. • • #Daytrading #TechnicalAnalysis#PriceActionTrading

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