ilmscore | Prediction Details
"I learned something called breakout, if here okay if he takes support from here Tests this level Tests this level Testing means we test it retest says ok test again He now resists what he had before tries to build support okay Previous tries to build support Resistance, okay, that was resistance now. He will come down and test this level if If she gives support then this is a new support. It will be okay if he doesn't support it. So it's back to showing a fake breakout and it's just A false breakout will occur and the market will also He is still in trend, understand me. whether I understand it or not, it's okay I'm going to explain it again one more time. Correct It's like this resistance level is support. This is the level, the market was moving up and down. Up and down, up and down, gave a break out After the breakout, the market comes back down. It felt okay, it started coming back down now. When we started coming down, our first This was resistance, now it can become our support. It can become correct if it is supported If it goes up with support then it becomes support It will be fine and if it gives fake breakout If it comes back down then it is not support This support will be cancelled and now Our resistance will remain alive and if It takes support if it takes support If he takes it, it's a very good entry. For a trade it is called Retest Trading The strategy is fine, although the breakout end Retest will say because first breakout Breakout happens when it is not direct It comes down and becomes a support if this It takes even a little support to go up There is no need for even a little bit as soon as here Took support, we saw a couple of green candles After that we immediately took entry and it was great. You can book profit in the same way On the contrary, if the market moves in the downward direction Wait a second, first you guys take note of those People did not note it, note it immediately I would also explain with the example below. Okay, I noted it down, done, I'll move on. I'm growing up, if the same thing were happening the other way around Okay, reverse edge in market if support It used to brake as if it was the market He broke the support, he broke the support What happens after he breaks up? There are many possibilities, it could be that Dakkad Direct Break Out From Here He may test this level again which We supported him in creating resistance. Try it, but now that attempt fails. If it happens then we will not call it a breakout. We will consider it a false breakout or fake. Consider a breakout if this attempt fails It happens but if he tests this level takes resistance, meaning bumping it down It goes as if it had previously given a down breakout Then give a breakout and find the meaning of resistance went to the old support which was new Resistance can be formed if it Gave resistance and hit the chart from there If it goes down even a little bit, we are in for down. Can take trade Open trade for down can do this is called breakout end Retest Trading Strategy Just Give Me One minute I charge it and start the video again turn on"
By Trade with Purab | September 28, 2024 | Pending
From video
ULTIMATE PRICE ACTION COURSE 🔥 - 3 Hours Non-stop 📈 | Trade with Purab 02:53:51 - 03:00:54
Interpreted Prediction
Smart money refers to large institutional investors or entities with significant capital who can influence market movements. Their actions, such as aggressive buying or selling, or trading based on inside information, can create price gaps and market manipulations like fake breakouts.

Prediction Details

Topic
Smart Money Concepts

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