Systematically perform box market breakouts and follow-ups with support and resistance

Box range market is

not characterized by clearly defined horizontal support, or angled support

Specifically, it’s better to think of a box range as angled support

There is horizontal support as well, but the core is angled support

Also, support-follow plus angled support break-follow can be established

If long-term support is functioning → the prior time frame's angled support breaks → it touches the trendline in the direction of that move, so you follow

and so on

There are many combinations that can be formed using only support and resistance

To effectively activate and utilize support and resistance, always be conscious of the forming shapes

Please make support and resistance something you can consciously recognize

In a trend → flag → retrend

For profit-taking, the position is

It also works the same as the price range moved in the previous trend

Determining profit-taking levels based on the trendline is also effective

Many people say markets have become more difficult than before

But that simply means the market in between has become more random-walk-like due to recurrence theory and prospect theory

Markets will move eventually

In that “eventuality,” the active break of support and resistance will occur

Therefore it is “effective”

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