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1. The Green Candle Breakout (GCBO) strategy analyzes 5-minute candlestick patterns to identify breakout trading opportunities. 2. If the day's first candle is a large green bullish candle, the market could trend up, form a GCR pattern, or see a GCBO where prices break below the first candle's low. 3. Retail traders often take long positions assuming an uptrend, but big players know this and may try to hunt stop losses by triggering a short-covering rally for profit.

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109 views7 pages

ADDA

1. The Green Candle Breakout (GCBO) strategy analyzes 5-minute candlestick patterns to identify breakout trading opportunities. 2. If the day's first candle is a large green bullish candle, the market could trend up, form a GCR pattern, or see a GCBO where prices break below the first candle's low. 3. Retail traders often take long positions assuming an uptrend, but big players know this and may try to hunt stop losses by triggering a short-covering rally for profit.

Uploaded by

akhilashkhilash
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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JBIS SECURITIES

Trading Academy
1. Green Candle Breakout
(GCBO) STRATEGY
All the fundamental basics of
stock market.

www.jbissecurities.com 2
GCBO Strategy This pattern based on 5 Minute
Candle Breakout
Conditions Entry in 5 Min Time Frame

This
is a Breakout pattern which tends to give big profits and
happens very frequently. Its nothing but SL hunting pattern.

If Day's first candle is big Bullish candle then 3 things can happen :-

1 Can be A Bullish Trend day These patterns is seen most


common in the late afternoon,
2 Can be GCR Pattern but can happen at the opening
3 Can be GCBO Pattern as well.

www.jbissecurities.com 3
Psychology of GCBO This pattern based on the Size of the
first candle of the Day
Strategy 5 Min Time Frame

The psychology behind this pattern is when the market opens


with big Green Bullish candle most of the retail trader’s assumption
is it’s a bullish day and it’s going to go up, and they start taking long
trades on every level, keeping SL below that Green candle.

Big players know where retailers have their SL, and if they can hunt that
SL then that can lead to big short-covering rally helps them to make a
big profit.

www.jbissecurities.com 4
How to Take Entry in If GCBO happens at CPR then batter
GCBO Pattern?? not to take the breakout
trade because most of the time its
Conditions: fails.
First Candle should be Big Green bullish, can be follow up after that
candle.
once market reverses and breaks the first bullish candle Low You can
go for Short Entry.
SL below the entry candle or nearest Resistance Level.
Price Should have Space to Move.
Book profit at the next pivot / support level or ride your winner with
trailing your SL.
www.jbissecurities.com 5
March 23rd
GCBO In Chart 5Min Time Frame
Entry & exit

www.jbissecurities.com 6
May 16th 5Min Time
GCBO In Chart Frame Entry & exit

www.jbissecurities.com 7

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