Support Confirmation
Added 2024-03-13 16:34:02 +0000 UTCRisk is reduced when you buy on a retest of support
This is hard to do because most investors aim to buy before a breakout, in order to maximise the potential returns
Fake breakouts are very common and so are stop loss raids
Waiting for confirmation of a support after a break out is the key to lowering risk.
Best way to confirm a support level, is by observing a breakout, watch for a retest and holding above the level on the retest.
Comments
I have the exact same question! 👍
Triple K
2024-07-10 11:05:00 +0000 UTCWhat’s the best timeframe to confirm a retest?
Adam R
2024-03-13 21:46:33 +0000 UTCThank you !!
Phil C
2024-03-13 17:36:16 +0000 UTCYes, good idea ! I must try to explain her too... Red days are sometime hard for some of us. For my girlfriend, it is the end of the world... like if we will be loosing our house ! :-)
Luc
2024-03-13 16:44:36 +0000 UTCDo we have it on pfizer plz? Thx
Luskha
2024-03-13 16:37:05 +0000 UTCWe are becoming experts here
Gareth Neary
2024-03-13 16:35:53 +0000 UTCI was just explaining this to my girlfriend lol
Noah
2024-03-13 16:35:17 +0000 UTC
