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#ReversalSetup
80-20 setup
I am going to share one high probability reversal setup for swing traders.
Before i explain setup below are few rules.
● Stock should have body of nearly 1% on Previous Day.
● For INDEX Body should be more than 0.5% on previous day.
(1/n)
80-20 setup
I am going to share one high probability reversal setup for swing traders.
Before i explain setup below are few rules.
● Stock should have body of nearly 1% on Previous Day.
● For INDEX Body should be more than 0.5% on previous day.
(1/n)
Rules for Sell
1. On previous day underlying should have opened in lower 20% of the day range and should have closed in upper 80% of the day range.
2. On current day in first hour of the trading day stock should have crossed PDH.
(2/n)
1. On previous day underlying should have opened in lower 20% of the day range and should have closed in upper 80% of the day range.
2. On current day in first hour of the trading day stock should have crossed PDH.
(2/n)
3. once it make new high in first hour place sell order below PDC with STOP of Current DH.
4. Intial targets for swing trades can be 1:2 RR then trail your stops.
(3/n)
4. Intial targets for swing trades can be 1:2 RR then trail your stops.
(3/n)
