One of the many continuation plays we can implement in a rally is pocket pivots.
Pocket pivots is the current up day’s volume must be larger than any of the down volume days in the prior 10 days.
Ideally pocket pivots occur 'before' the traditional buy signal to occur such as breakouts.
In the chart examples, the first one is pocket pivot occur confluenced a bullish reversal pattern I personally call railroad due to its similar-ish size of the candlestick's body. Thats an ENTRY; signal
The second example is pocket pivot occur inside a flat base. ENTRY; is at the open of the next day's candle, before the actual breakout of the base.
Pocket pivots is the current up day’s volume must be larger than any of the down volume days in the prior 10 days.
Ideally pocket pivots occur 'before' the traditional buy signal to occur such as breakouts.
In the chart examples, the first one is pocket pivot occur confluenced a bullish reversal pattern I personally call railroad due to its similar-ish size of the candlestick's body. Thats an ENTRY; signal
The second example is pocket pivot occur inside a flat base. ENTRY; is at the open of the next day's candle, before the actual breakout of the base.
