This is without doubt one of the best ways I like to see price set up for TST/BOF reversal trades from an S/R level.

<image: When price stretches to reach the level>

We discussed this briefly in a related article – https://yourtradingcoach.com/trading-process-and-strategy/higher-quality-breakout-failure-trades/

But let’s look at an example from this week’s trading.

We’ll start with a higher timeframe chart to give some context, with the market currently eight minutes into the session.

<image: When price stretches to reach the level>

Let’s see the market open on the Trading Timeframe chart.

<image: When price stretches to reach the level>

<image: When price stretches to reach the level>

<image: When price stretches to reach the level>

<image: When price stretches to reach the level>

<image: When price stretches to reach the level>

<image: When price stretches to reach the level>

<image: When price stretches to reach the level>

<image: When price stretches to reach the level>

<image: When price stretches to reach the level>

<image: When price stretches to reach the level>

<image: When price stretches to reach the level>

Take note of the way that price approaches an S/R level.

<image: When price stretches to reach the level>

The more that price has to stretch to reach it, the better.

This is a trade I do NOT want to miss.

Happy trading,

Lance Beggs

 


 

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