Rebound line Strategy on the Quotex platform

Rebound line Strategy on the Quotex platform

What is rebound line strategy?

Line rebounding is a graphical pattern which seeks to catch a moment when the price cannot break support or resistance levels.

Rebound line Strategy on the Quotex platform
Support and resistance levels

When the price reaches the level of resistance and the first candlestick closes below this level many traders believe that the price upward dynamic has stopped. And trade for a fall.

Rebound line Strategy on the Quotex platform
When the price meets resistance

Rebound line strategy and a trend

The rebound line strategy is relevant for a neutral trend just as for the upward and the downward trend. When the price reaches the support line and the first candlestick closes above this level some market participants believe that the price decrease dynamic has stopped and trade for a rise.

Rebound line Strategy on the Quotex platform
When the price meets support

The support line rebound is relevant for the neutral trend just as for the upward and downward trend.

Rebound line Strategy on the Quotex platform
Rebound line strategy and a trend

You can read more about support and resistance trading strategy or about situations when price brakes support or resistance.

We wish you successful trading with Quotex.

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