In this image you can see a chart of a stock and than breakout is form but suddenly market start falling and than now retest is start and than today in this post we talk about how to trade using this mindset. Welcome to this post now keep learning and careful learning.

 

The retest is simply meaning buy when breakout is form than after some time market again come on the last resistance That is called retest in trading. You can thing when any stock breakout is upper side like this image and again come recent resistance. This is called retest in trading.

 

The first cause we need to wait for skip our losses. Because may we the first breakout is false if you don’t wait for retest that time you take your trade than may be you need to book the loss so if we can avoid this problem than we can wait for retest.

 

The main work of the resistance is we can easily identify our price in upper side zone that means what is the zone of in the upper side and it is also help when we are taking trade or breakout is form than we can easily identify this breakout is good or not using resistance and candle stick and its strength. This is the work of resistance.

 

In trading the main work of support is find where our price taking support. That means if we are staring trading than we need to find what is the zone for trading and also we need to know what is the lower zone of price and with the help of support we can easily trade in live market.

 

In our trading zone means a price which is form zone. There a two types of zone the first zone is upper zone and the second zone is lower zone. When you are drawing pattern that time you use line and if you make good profit than you must try to draw zone kindly skip line drawing when you are analysis market.

 

If you make profit than you must need to enter in right time in trade than your chance is good for making profit and also you need to focus on price action and chart pattern if you enter without pattern or price action than may you can’t make good profit in trading.

 

The good timing for buy any stock depend upon price action if price action is form and than completed retest than you can buy any stock like that you can see this image here first to first breakout is form but again falling start and reached the recent support and than retest is complete and than you can buy this stock. This way you can choose what is the good timing for buy any stock.

 

There are lots of learning in this post the first learning is what is retest in trading and what is the work of retest and than also we need to learn why we need to wait for retest. The second learning of this post is what is the work of support and resistance and than you need to learn what is the good timing for buy any stock and than you learn why don’t trade on the first breakout. These are some thing of learning of this post.