THE CONFIRMATION

We generally talk about breakdown and breakout confirmations. I have tried to present what confirmations actually are and how they are traded.

Some traders use indicators for confirmations, but in this post i have discussed confirmations based on price action only.

Same strategy can be used for breakouts.

Notes on the chart.

Hit like/comment for better educational posts in future.
Trade safe, stay healthy.

Best Regards
Bravetotrade

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Fellows, should i link all my education posts with this one post. Just write 'yes'.

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Breakout in BataIndia today was a perfect example of BOS Method.
Very strong uptrend supported by overall market strength..no pullback.
Breakout candle was huge so no attempt for FB or TFB

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Another example of a recent triangle breakdown in Nifty chart

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Five possible PRR entry points in the Nifty chart.

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Last Example: Nifty today. I know nobody trades 1 min. chart on Nifty but just have a look at it..just an e.g.

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All the best.