Hello !
Key points :
Notable support zone
Pullback after breakout
Direction of trend
Volume spikes on uptrend
We've pulled back to an historical important zone, which acted as support. We're taking this trade after a breakout on high volume and wide range candles in the direction of the general trend.
Volume represents the number of shares traded on any...
Hello !
Halfway retracement
Key support zone
Direction of the trend + wide-range candles
Indecision + spike in volume
Charts are like books. They tell us a story. We're trading in the direction of the trend, marked by these spikes in volume combined with wide-range candles.
What do the shadows/wicks tell us ? Well there's much conviction here. Whenever...
Hello !
Key points :
Pullback after over-extension
Fading volume, downtrend losing steam
Engulfing on higher volume
Wide-range candles defining a strong upward movement
I like pointing out the fact that stocks hold on to certain historical support zones. Traders and investors tend to remember them well, as you can see below :
The general trend is...
