Systematically perform box breakout and follow-up with support and resistance

Box range trading is not simply defined by horizontal support and angle support that stand out clearly.

Specifically, you should think of a box range as being equal to angle support.

There is horizontal support as well, but the basic is angle support.

Additionally, support-follow plus angle support breakout-follow also works.

When long-term support functions → the previous timeframe's angle support breaks → it touches a trendline in the direction of that move and follows.

It’s like that.

You can form many combinations with just support and resistance.

To effectively utilize support and resistance, always be mindful of the shapes you form.

Please become able to consciously recognize support and resistance.

In the case of a trend → flag → re-trend,

the take-profit level is

it can be as large as the price move in the previous trend, and it works similarly.

It is also effective to determine the take-profit level based on the trendline.

Many say that markets have become more difficult than in the past,

but that is only because the market in between movements has become more random-walk-like due to recurrence theory and prospect theory.

The market will move someday.

That “someday” will inevitably involve a break of support and resistance.

Therefore it is “effective.”

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