How to Make Money With Breakout Trading: A Simple Stock Market Book for Beginners - The Secret of becoming Intelligent Investor - Price Action Trading through subconscious mind and the Power of Now

by Indrazith Shantharaj

Covid-19 pandemic impacted every single life on this planet, either directly or indirectly. Before the pandemic, I started teaching breakout trading to a group of people with different backgrounds, and once the lockdown was imposed, I happened to receive loads of queries on a daily basis.

We need to consider 6 months to 1 year duration charts for this system as our maximum holding period is just two weeks.

Above is the example of a trend line that connected 3 peaks. It can also be called as a Support Trend line.

Ideally, the trend line that shows less to the medium slope (less than 45 degrees) is the safer bet

As the slope of a trend line increases, the validity of the support or resistance level decreases.