Illustrates a trading strategy or a trading plan.

This image illustrates a trading strategy or a trading plan. It shows when a trader should buy, when to sell, or when not to trade.

Essentially, this strategy suggests making decisions based on market trends or behaviors. Each step is described below:

1. Identifying the Trend (WHAT'S THE TREND?): First, understand the current trend or behavior of the market. It can be of three types:

*BULLISH:** When the market price is consistently going up or is likely to go up.

*SIDEWAYS:** When the market price is fluctuating within a certain range, meaning it is not rising too high or falling too low.

*BEARISH:** When the market price is consistently going down or is likely to go down.

2. Actions According to the Trend:

*If it is BULLISH:**

Then check *"PRICE AT SUPPORT?"** that is, is the price at the support level? The support level is a price level where the price of a stock or currency tends to increase again after falling, because there are more buyers than sellers at that point.

If the answer is *"YES"** (yes), meaning the price is at the support level, then "BUY".

If the answer is *"NO"** (no), meaning the price is not at the support level, then "DON'T TRADE".

*If it is SIDEWAYS:**

Then *"WAIT FOR BREAKOUT"** that is, wait until the price breaks out of that specific range. A breakout means that the price moves significantly above or below the support or resistance level.

*If it is BEARISH:**

Then check *"PRICE AT RESISTANCE?"** that is, is the price at the resistance level? The resistance level is a price level where the price of a stock or currency tends to decrease again after rising, because there are more sellers than buyers at that point.

If the answer is *"YES"** (yes), meaning the price is at the resistance level, then "SELL".

If the answer is *"NO"** (no), meaning the price is not at the resistance level, then "DON'T TRADE".

In summary, this trading strategy is:

* If the market is bullish, buy at the support level.

* If the market is bearish, sell at the resistance level.

* When the market is not moving in a specific direction and is within a range (sideways), wait without trading for the trend to become clear or for a breakout.

This is a simplified trading strategy, and real trading depends on many more complex factors and analyses. It can only serve as a guideline