"When price and volume move alike - up up or down down - the market is bound to post higher price levels... The rationale for this is obvious: an INCREMENT in price should rarefy the buying power... But it does not: hence higher prices. a DECLINE in price, on the other side, should stimulate the SELLING PRESSURE... But it does not: hence higher prices." -- Jesse Livermore
See Livermore's Speculative Chart: i1.wp.com/pbs.t...lvAW0AAnzf9.jpg?w=840&...
See Livermore's Speculative Chart: i1.wp.com/pbs.t...lvAW0AAnzf9.jpg?w=840&...
Trade closed: stop reached:
Trendline broken