nicholas27

Stay away from buying breakouts with this type of intraday price action with big one minute sell volume

nicholas27
nicholas27 Sep 06, 11:48 AM

Big sellers overhead looking to sell bulk of their shares into the highest volume day. A key way to know that there's hard selling especially to confirm that it's non-organic is when it's being sold at the highs and in one shot in a single candle with higher than the average volume. This usually indicates that it'll tamper with the breakout and will ultimately affect the entire momentum and closes below the b

nicholas27
nicholas27 Sep 06, 11:48 AM

breakout and gap down the next day usually.

nicholas27
nicholas27 Sep 06, 11:49 AM

the view this picture more clearly press right click on the picture and click "open link in new tab"

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nicholas27

When tracking your strategy, use it as a guideline to put yourself in a better position on the trade. No one strategy is perfect. - Tim Grittani

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