Before You Trade a Downward Price Breakout

theolove2021

New member
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When trading a downward price breakout, these are the steps to follow:

-Ensure it’s a downtrend

-Wait for the price to close below the corresponding structure — support level, trend line or any other

-Confirm the RSI is below the 50 level

-You can go short if everything aligns and a stop loss above the preceding swing high

-Ride the trend with a trailing stop if you want or put a profit target accordingly

To your success
Theophilus S.
 

Sethbala11

VIP Contributor
I kind of love the street setup very well. This is because from the chat you can see that it is clearly bearish on the dominant trend and then when the breakout happens reassure that it is a trend continuation and you will not have to worry so much about fake breakout.
 
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