Can be used to scalp and long/short on breakout either way after restest. SLs can be moved to nearest high or low after breakouts. Wait for shakeouts in either directions before making a decision. 10% moves in a either direction could be possible for shakeout and could last for a few weeks. This would lead to a very strong move in the opposite direction!
Note
Broke through. Buy on retest of resistance turned support
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.