Trading Gaps – and Breakouts -- can be treacherous if you don’t know what to look for.
At Master Trader, we have several criteria to define quality setups based on the structure of the price pattern.
In short, we trade Breakouts which (a) have bullish price action at major resistance prior to breaking out; or (b) buy a pullback and reversal at minor support after the breakout.
With all Breakouts and other Setups, we need a Price Void (insignificant resistance to the left for longs).
We’re going to show you a compelling Breakout which had bullish price action after a Professional Gap (i.e., one that ignites a new move) and at resistance prior to breaking out.
Once in a trade, we are in trade management mode.
We simply trail stopped out at a nice 7.5% gain in 5 days.
Management updates are sent intra-day by text message to subscribers.
Nice trade!
Get trades like these sent right to you and profit in the Markets!
