False Breakout at demand zone:
#1 After big down move,
#2 few side way bars above DZ;
#3 One Bar down below DZ,
#4 one bar up, close above DZ.
Entry: 11 (stock entry price)
Stop: 9;
Target: 28; reward:risk=8:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.