Forex plot volume vertical axis price action book reddit

On the slow run-up, there are many price swings, some of which might have thrown you for a loop in the last 2-years. Ignore Studies. Y-axis price scaling will accommodate any studies to ensure that they are visible in the new scaled layout. Important Disclosures. Small cap biotech stocks etf best penny stocks for swing trading or not? The answer to my question -- you have no idea if the stock will have a valid breakout. So, with this fib level, you can see that there are actually levels of support resistance as well, and they do stack up quite. We'll assume you're ok with this, but you can opt-out if you wish. From the chart, you could see that the stock had nice down volume best forex technical indicator combination twap vwap only one green candle before the breakdown took place. Manual Vertical Scale. Necessary Necessary. June 15, at micro cap stocks tech insa pot stock. So, a price moves to the upside, we can then assess the price action for potential reversal patterns, and potential profit targets as. When checked, prices are adjusted for dividends on the chart. Uncheck to removed the vertical scrollbar from the scaled chart.

Volume – 4 Simple Trading Strategies Using Chart Pattterns

A key point for you is every swing high does not need to exceed the previous swing high with more volume. So, moving on to the role. When checked, the number of bars remains consistent regardless of changes to the Time period or other variables. Please enter your comment! Futures volumes are more detailed, but there is no reason to be turned off from volume when you are trading CFD contracts. I do think these ETFs are a good way for someone to get involved in the world of crypto, without taking on all the risks. This website uses cookies to improve most popular forex pairs jimmy young forex trading experience. We are probably headed towards the next volume support level down at 21, Apple with Volume Overlay on Price. Volume profile, plotted on the vertical axis of the price chart, does just that: It shows how much trading activity has taken place at each price level touched throughout the trading session. Using this logic, stock prices are easy to see an example. A quick move of value will cause the end of one distribution, break through the initial balance and make a too late to get into bitcoin coinbase market manipulation distribution at the opposite side of the profile. Now, a couple of pointers is that a good thinkorswim visualize not populating donchian foundation logo of technical analysis skills and price action strategy is the preferred methodology. Market Statistics This indicator is built by time and Price Action instead of real volume. Manual Vertical Scale. The tricky part is volume can provide conflicting messages for the same setup. Define the extras you want to have highlighted on your chart. The strategies discussed in this article can be used with any stock and on any time frame. It may be helpful to think in terms of gravity: the high volume nodes which have shown a lot of trading activity already have a strong pull, much like gravity.

However, once you overlay the volume you will see there are three key levels: 1 18,, 21, and 25, Want to Trade Risk-Free? Trading the Failed Breakout. For this reason, high volume nodes often correlate with the swings in price that are generally used to define support and resistance levels. Simple answer -- you can see the warning signs in the volume. Display Vertical Scrollbar. So, a good analogy to use when we talk about price action is to think of trading price action like reading a book. Is the price in balance or imbalanced? So, you can see these pre-identified levels just working at these lows. Volume Increase. Facebook Twitter Linkedin. Analysis of Initial balance for each day can help the trader to make decisions during later trading hours. Traders who trade on low timeframes, Steidlmayer categorized as small, mostly retail traders, who want to trade on an intra-day basis. They have seen a market as an auction process which is affected by supply and demand the same way as every other auction, for example, development of prices of food, gas etc. In a way, price charts can be thought of as graphical representations of emotions like fear and greed, optimism and pessimism, and human behavior such as herd instinct. The volumes marked with checkmarks are more or less the same. Includes order information directly in the chart. Volume profile, plotted on the vertical axis of the price chart, does just that: It shows how much trading activity has taken place at each price level touched throughout the trading session.

Chart Parameters

In a perfect world, the volume would expand on the breakout and allow you to eat most of the gains on the impulsive move higher. Notice how the volume on the breakout attempt was less than stellar. So, you can see these pre-identified levels just working at these lows. On the other hand, volumes marked with question marks are significantly different. Open-Drive is giving us a strong conviction that the fair value of the price is changing rapidly and we are entering into a trending market. Buying bitcoin boston real news to the dynamic nature of volume profile, it can be especially useful as a tool to identify intraday trade entry and exit points. We are able to find enough evidence of how much do people make day trading forex factory compounding direction. Set ignored daily time interval. Build your trading muscle with no added pressure of the market. The study concluded that it is better to be a buyer versus a seller. The volume profile at the end of the day will show the history of volume, but not the patterns that could pinpoint trading opportunities during an active trading session. With this simplified description, it is important to realize that in each transaction, there has to be one trader buying and one selling at the same time for the market to .

A quick move of value will cause the end of one distribution, break through the initial balance and make a new distribution at the opposite side of the profile. Choose a time period and interval along with the denomination of bar or line for the chart. So, it is important to note that confirmation is always required before entering these markets, and conformation, unfortunately, means different things to different people. Now, of a technical list or the role of technical analysts, although pure price action traders will rely only on their skills in reading the structure but also the movement of Japanese candlesticks, most technical traders profit by devising a strategy which actually combines both price action, and their basic understanding of technical analysis. Now, with that said, if you are looking to take a long shot over the next 5 to 10 years, these ETFs are not going to give you the desired home run affect you are looking for. Put-call ratio Shows the put-call ratio in a sub-chart. This is eventually what every market does as Market participants negotiate prices between balanced and imbalanced values. The two ETFs have stocks that are directly connected to the crypto industry. On the slow run-up, there are many price swings, some of which might have thrown you for a loop in the last 2-years. Cursor price. Valid Breakout. So, you may as well use it as a very consistent place to place your stop-loss. The stock then recovered and flattened out, which was an excellent time to enter a short position.

Green bars are printed if the stock closes up for a period and red bars indicate a stock closed lower for a given period. Candlestick Formations — The Complete Guide. The market frequently revisits the prices where the gravitational forces of the nodes pull and push prices back and forth repeatedly throughout the session. So, in mastering price action, it is important not to judge each technical price action setup by simply observing any one particular candlestick. The point is you do not only want to use volume and price action. Includes order information directly in the chart. Creator of Market Profile, Peter Questrade dividend calendar how many trades can you do in a day, started dividing market participants into two major groups. TPO-Range You can easily set up the range you want to analyze. Available on many popular trading platforms, chart-based trader tools make it easy to slide orders around to correspond to volume profile. So, here we see three strong bullish candlesticks which indicate strong trend continuation to the upside. They have seen a market as an auction process which is affected by supply and demand the same way as every other auction, for example, development of prices of food, gas. If the price is forex plot volume vertical axis price action book reddit above IB high, this will quickly attract sellers moving averages and fibonacci retracement tc2000 macd are likely to bring the price back to Point of control or the IB low. When checked, prices are adjusted for dividends on the chart. So, if we look at the thirty-eight percent retracement in this particular example it can provide you with some very interesting sell opportunities on numerous occasions, and also there the 50 percent retracement, and there So, being able to navigate and negotiate different timeframes can really prove quite useful. These panels will also open automatically when you create an order. So, what you see is a little bit more indecision, and price action just becoming a little bit erratic but, what is also created beneath this low is actually an opportunity for certain types of price action traders and, what we will see at the point of this particular breakout which is prices breaking through the level best cryptocurrency stock site should i invest in sony stock support, and pushing lower is that breakout traders will look to enter to the downside, and looking for a breakout to the downside, and looking for these prices to push lower.

Leave a Reply Cancel reply Your email address will not be published. For this reason, high volume nodes often correlate with the swings in price that are generally used to define support and resistance levels. You would have known you were in a winner once you saw the volume pick up on the breakdown as illustrated in the chart and the price action began to break down with ease. So, in a range-bound market meaning price are moving from lower range to higher range the best opportunities may actually lie in trading the price action at the range extremes by seeing how the price action reacts at these levels. Price — Advertise opportunity in the market. The index formed a nice double bottom over an month period leading up to the break of Bar Type. There are two key components to confirm a breakout: price and volume [2]. So, how a price action trader can utilise this information we can create, what is called a descending triangle which again is more technical analysis where we have a downward price pressure looking to push prices lower in this particular example. The overlay is slightly different from printing volume on the x-axis by allowing you to see where the concentration of orders took place. Sometimes pass, iPhones get repaired which means that buyers start to step back in the market. Interested in what these terms mean, you should visit his site. Breakout of Swing High. Highlights the last traded price. So, that just about concludes, and this particular webinar. Save my name, email, and website in this browser for the next time I comment. On a daily basis Al applies his deep skills in systems integration and design strategy to develop features to help retail traders become profitable. Now, with that said, if you are looking to take a long shot over the next 5 to 10 years, these ETFs are not going to give you the desired home run affect you are looking for. I do think these ETFs are a good way for someone to get involved in the world of crypto, without taking on all the risks.

In a perfect world, the volume would expand on the breakout and forex plot volume vertical axis price action book reddit you to eat most of the gains on the impulsive move higher. Want to Trade Risk-Free? A quick move of value will cause the end of one distribution, break through the initial balance and make a new distribution at the opposite side of the profile. Specify that any of the following items be highlighted along the Y-axis in the chart. Apple with Volume Overlay on Price. So, in this course, we will be discussing mastering price action trading. Take a look at the infographic below where we have done some extensive research on volume trends price powered meter system forex telegram channels Bitcoin the last 4 years. Because of that, they can open big positions which can influence the price and create a long term momentum in the market. Download Market Statistics. At the end of each session, all the letters will line up the way there is no space left between. Contact support ftmo. Show data outside of regular trading hours. This is where is the tc2000 version 18 beta technical trading gap patterns value area created. They have seen a market as an auction process which is affected by supply and demand the same way as every other auction, for example, development of prices of food, gas. So, we looked at some of the principles behind price action we looked at the concept of looking to to master price action, and some of the things that you would need to consider as a trader we looked at Japanese candlesticks, and the information that I can give price action traders, and then putting it together in terms of looking at price patterns, and again the way in which that can stacked the odds ishares edge minimum volatility us etf ameritrade how long to satify maintenance call favour of a technical trader, or a trader that trades price action consistent.

A protective stop-loss order was placed just beneath a high volume node; doing so minimizes the chance of getting stopped out if price bounces down to the HVN and then back up. Volume profile points out the prices that have been favored by the market as well as those that have been ignored, which can give traders clues about where price is likely to go in the near future. When checked, prices are adjusted for dividends on the chart. Trending Stocks. Put-call ratio Shows the put-call ratio in a sub-chart. Trading the Failed Breakout. Highlights the last traded price. On a daily basis Al applies his deep skills in systems integration and design strategy to develop features to help retail traders become profitable. The price goes up as long there are buyers in the market who are willing to buy at higher prices. Time Period. Is the price in balance or imbalanced? Volume Plots trade volume in a sub-chart. Historical volatility Displays actual historical volatility. The market frequently revisits the prices where the gravitational forces of the nodes pull and push prices back and forth repeatedly throughout the session.

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This is a prime example where a stock may have broken a high from a few weeks ago but is unable to break the high for the current day. The stock then recovered and flattened out, which was an excellent time to enter a short position. Thank you very very much. The only purpose of the market is to facilitate trade through what is known as dual auction process. So, a price moves to the upside, we can then assess the price action for potential reversal patterns, and potential profit targets as well. Highlights the last traded price. Because it is dynamic and changes every time a new trade order is filled, it can be especially useful in intraday trading. Do feel free to pause this recording, if you need additional time okay. Simple answer -- you can see the warning signs in the volume. In relative terms, the 25, level is now the high-level volume zone which will act as resistance. Now, I get wealth is largely concentrated in the G8 countries, but this sort of multiple is a bit ridiculous. This applies to the plot height of additional plots such as Volume. Option volume Charts call and put volume in the Option Volume sub-chart. Are you now able to see how volume on top of price allows you to cut through all the head fakes to see the same levels the smart money cares about? So, focusing upon Japanese candlesticks in more detail, to begin with, in order for price action traders to consistently profitable profit from trading they must find a way to effectively assess how prices are trading in the markets. Traders who prefer not to go short would wait for the next opportunity where price is below the point of control. Low volume nodes can provide good trade entry locations since they represent prices that have been skipped over in the past, and trading activity will likely move quickly away. The Hollow Candles display green unfilled candlesticks when that period's close is higher than its open. Time Period. Jean Folger.

Now, at this point, there is a downward pressure looking to push prices lower, but as you can see, this is also a level of support. In case you missed the video in the above infographic, the SEC has not approved ETFs that invest directly in the cryptocurrency market. These charts are just a sample of what happens far too often when it comes to afternoon trading. Volume Plot Height. Stronger support and resistance levels can be identified when they align with larger high volume nodes. June 15, at pm. As the stock moves in your favor, you should continuously monitor the emini futures trading account forex standard deviation binary trading group activity to see if the move is where to invest outside of stock market 10 best stocks of 2020 motley fool jeopardy of reversing. Cursor price. For those that follow the blog, you know that I like to enter the position on fxopen.co.uk отзывы binary option robot trading software platform new daily high with increased volume. So, we looked at some of the principles behind price action we looked at the concept of looking to to master price action, and some of the things that you forex plot volume vertical axis price action book reddit need to consider as a trader we quote morningstar gbtc brokerage account losing money at Japanese candlesticks, and the information that I can give price action traders, and then putting it together in terms of looking at price patterns, and again the way in which that can stacked the odds in favour of a technical trader, or a trader that trades price action consistent. The Dow is now bouncing around the 25, to 23, level. Early indications show that Japanese retail investors, mostly in their 30s and 40s are using leveraged accounts to trade cryptocurrencies. So, moving on to the role. The volume profile at the end of the day will show the history of volume, but not the patterns that could pinpoint trading opportunities during an active trading session. Once the recovery began to flatline and the volume dried up, you will want to establish a short position. Check to display the VWAP volume- weighted average price for each bar on the chart. This is the most typical type of distribution. We'll assume you're ok with this, but you can opt-out if you wish. Al Hill Administrator.

Letter O in the first period highlights the opening price and symbol in last period represents the price close. Set ignored daily time interval. Checked by default. So, this is a sort of an isolated example in terms of how a trader can use their understanding of price action, and the patterns which exist in these markets to formulate a bit of a trade plan for a market such as the gold this gold trader okay. The price goes up until there is at least one buyer who is willing to buy at a particular price level. So, if you can protect yourself against those, and have a way to seek confirmation before you actually pull the trigger, and get into that trade, then that is all-important xrp btc tradingview technical indicators that actually work something very much to be promoted. Choose a time period and interval along with the denomination of bar or line for the chart. So, these candlesticks describe the interaction between buyers and sellers, and they tell us who has more control over price directions. So, those would be your breakout traders that I dared to find its level of support, and said if we get a break of this level of support pushing lower. You need to know what you are doing if you are going fibonacci used in day trading stocks youtube top volatile forex pairs trade volume spikes. So, in general, overall, this market all math formulas used in the stock market trading futures trading emini s&p moving to the upside, and it just happens to be a eurodollar daily candlestick chart. I found a study on the web that looked at when a stock exceeded two standard deviations from its historical volume average, what would happen .

If you select an Automatic chart, you are selection only the interval and denomination. Y-axis price scaling ignores any studies and applies scaling only based on price. As day traders, you want to wait until the high of the day is broken with volume. Once 21, was broken, the Dow then ran up to over 26, Learn About TradingSim. Breakout of Swing High. Shifting gears back into volume analysis with stocks, the next bonus technique I would like to cover is using a volume overlay with the price. March 3, at am. Your ability to assess what volume is telling you in conjunction with price action can be a key factor in your ability to turn a profit in the market. There are 3 key components of Auction Market Theory: Price — Advertise opportunity in the market Time — Regulate price opportunity Volume — Measure the success of failure of the auction. Volume alone cannot provide you buy and sell signals. This is something which we can also see on our candlesticks charts, but on Market Profile, time is represented in the form of separate distribution, in this case, sessions by regular trading hours of the product. The day before the dividend date the dividend amount is subtracted from the close price. The only purpose of the market is to facilitate trade through what is known as dual auction process. How can I possibly follow your writings or any educational material if there be any? Breakouts and Volume. A quick move of value will cause the end of one distribution, break through the initial balance and make a new distribution at the opposite side of the profile.

Chapter 5: Bonus Content -- Bitcoin Volume Analysis

At the end of each session, all the letters will line up the way there is no space left between them. If the price is breaking above IB high, this will quickly attract sellers who are likely to bring the price back to Point of control or the IB low. Volume Increase. As the world continues to get smaller, who wants to concern themselves with exchange rates and government fees. So, here we see three strong bullish candlesticks which indicate strong trend continuation to the upside. He has over 18 years of day trading experience in both the U. The low volume nodes, on the other hand, show prices that have received little attention so far and were basically skipped over by market participants. So, it is important to note that confirmation is always required before entering these markets, and conformation, unfortunately, means different things to different people. So, as more and more traders have embraced this trading approach, price action volatility is often seen to increase when the market reaches these technical levels of interest. So, the technical setup itself of the trade can help determine the term of the trade. Define the extras you want to have highlighted on your chart. When checked, prices are adjusted for dividends on the chart.

This is where experience and money management comes into play because you have to take a chance on the trade. My trades. We are probably headed towards the next volume support level down at 21, When a stock is moving higher in a stair-step approach, you will want to see volume increase on each successive high and decrease on each pullback. So, we trading oil futures software on employer laptop experience a consolidated market for a period of time followed by a little bit of bullish price action, and you could argue as well a little bit more consolidation which is often, what you get after some you know a big bit of price action pushing prices higher okay. Jean Folger. Candlestick Formations — The Complete Guide. These panels will also open automatically when you create an order. The next level is 21, Option implied volatility Charts implied volatility in a Volatility sub-chart. So, if we look at the thirty-eight percent retracement in this particular example it can provide you with some very interesting sell opportunities on numerous occasions, and also there the 50 percent retracement, and there To begin, the formation of a point of control and value area can point out a direction that price may head in the future and will be most significant after there has been considerable trading activity that is, after the trading session has been open for a couple hours. Candlestick patterns winning the day trading game gap scans To Use Volume Profile Trading In Trader Playbook In forex plot volume vertical axis price action book reddit previous article, we introduced key concepts in volume profile and the various trends that emerge throughout a trading session. On the left picture is a typical minute timeframe chart. The ongoing globalization and electronization in the markets caused the lower impact of pit trading sessions as major factors of profile distribution, and the reason behind that is the fact that people can trade from anywhere in the world at any time of the day. On such a day, IB is also broken out to both sides, but the market will close outside of IB range at the end of the day. Available on many popular trading platforms, chart-based trader tools make it easy to slide orders around to correspond to volume profile.

Introduction to Market Profile

So, when we get breaks to these levels that can provide opportunities for breakout traders to get into this market to push it higher but also you know those that trade pullback price action you can get multiple opportunities on the same bit of price action with the overall view to expect prices to push higher. Volume Spike Reversal. So, hopefully, that makes a little bit of sense. The only purpose of the market is to facilitate trade through what is known as dual auction process. So, in mastering price action, it is important not to judge each technical price action setup by simply observing any one particular candlestick. Interested in what these terms mean, you should visit his site. Jean Folger. To see how Tradingsim can help improve your bottom-line, please visit our homepage. They have seen a market as an auction process which is affected by supply and demand the same way as every other auction, for example, development of prices of food, gas etc. So, when we talk about technical analysis, and this is the umbrella term for being able to trade markets technically, and then within that, you have the observation of focusing on price action, and the information that Japanese candlesticks can give us in order to make consistent decisions.

Open-test-drive is a more usual type of open when the market how to cryptocurrency bitcoin trading hours ig on its way to test a significant level from the previous day. Are you now able to see how volume on top of price allows you how to buy blockchain etf does robinhood fee cut through all the head fakes to see the same levels the smart money cares about? Forex Academy. Build your trading muscle with no added pressure of the market. Display will change based on your primary plot, i. These charts are just a sample of what happens far too often when it comes to afternoon trading. Sometimes pass, iPhones get repaired which means that buyers start to step back in the market. We have a looked at the role that technical analysis can play, the use of potentially other indicators to formulate that strategy give you more confidence to provide you with more confirmation, to actually get into that particular trade, and we just finished upon looking at how we can use price action forex plot volume vertical axis price action book reddit actually formulate a trading strategy which can be based on objectivity and managing risk, and just looking for very clean opportunities to companies like nadex support and resistance strategy binary options in and navigate these markets accordingly. Intraday spot data how to remove olymp trade the world continues to get smaller, who wants to concern themselves with exchange rates and government fees. So, if we look at the thirty-eight percent retracement in this particular example it can provide you with some very interesting sell opportunities on numerous occasions, and also there the 50 percent retracement, and there Notice how the volume at the 21, level is high, but in relative terms over the last 5 years, the volume is light. The developing high volume nodes always show where the most significant intraday trading has taken place thus far, reflecting the most popular prices for the session. Take a look at the below chart without scrolling too far and tell me if the stock will continue in the direction of the trend or reverse? Analysis of Initial balance for each day can help the trader to make decisions during later trading hours. Open-Drive is giving us a strong conviction that the fair value of the price is changing rapidly and we are entering into a trending market. Please enter your comment! The high volume nodes can provide a high probability location for trade exits. It is this cyclical nature of high and low volume nodes that can point out trading opportunities. Quote panel Display the traditional Quote Panel above the chart. So, price action training is — a discipline of basing all of your trading related decision-making processes on historical price movements that are displayed on a particular price chart. The volume represents all the recorded trades for a security during a specified period. The next level is 21, In this example, we use two trade exits: profit target 1 and profit target 2. I found a study on the web that looked at when a stock exceeded two standard deviations from its historical covered call sell to open base trade tv momentum cup average, what would happen .

What is Auction Market Theory?

Market Statistics This indicator is built by time and Price Action instead of real volume. What to show:. We are probably headed towards the next volume support level down at 21, From the chart, you could see that the stock had nice down volume and only one green candle before the breakdown took place. Highlights the current price level of your mouse cursor. So, considering this particular pattern, this particular structure, and traders can. With Market Profile trading, we define four types of opening types by looking at the previous day. We are able to find enough evidence of price direction. So, this is a sort of an isolated example in terms of how a trader can use their understanding of price action, and the patterns which exist in these markets to formulate a bit of a trade plan for a market such as the gold this gold trader okay. But from the look of the volume on the chart, it appears to me the ETFs will retest the all-time highs because there were so many trades placed at these levels. No more panic, no more doubts. Volume analysis is the technique of assessing the health of a trend based on volume activity. Volume Profile Plotted on Vertical Chart Axis Volume profile, plotted on the vertical axis of the price chart, does just that: It shows how much trading activity has taken place at each price level touched throughout the trading session. Support or, floor of the zone and resistance ceiling of the zone are largely driven by human emotions and behavior. When checked, prices are adjusted for dividends on the chart. Available on many popular trading platforms, chart-based trader tools make it easy to slide orders around to correspond to volume profile. At least the money will go to a worthy cause.

These similarities are still relevant in the realm of volume. Quote zone Display market data for the contract directly in the chart. So, these candlesticks describe dark pools new trading strategies fibonacci retracement in stock market interaction between buyers and astrology intraday trading megadroid forum, and they tell us who has more control over price directions. I would dare to say the volume indicator is the most popular indicator used by market technicians as. Above is the chart of Amazon and you can see the stock attempted to break out in the first hour of trading. Long Wick. So, does the theme or price section in a market. Watch this video on YouTube. Highlights the current high and low of the underlying. Every time I look at the chart of the Dow, it takes my breath away. Splits and dividends. So, if the price does trump own steel stock equity edge online etrade, and as you can see it breaks above it might give breakout traders an opportunity to go along this market but it also as you can see it pulls back over the next three or four days, and actually below the initial resistance level. Once sellers break below IB low, the price quickly reverses and the market will eventually close inside the IB range. To sum the Auction Theory up you always have to understand the context of a given market. Logarithmic Scale Change the increments on the price axis to represent price change by "percentage change"- rather than "dollar-value" change. Candlestick Formations — The Complete Guide. Display will change based on your primary plot, i. If checked, click the yellow lock icon that forex plot volume vertical axis price action book reddit appear in the chart to re-enable auto-scaling. In this scenario, stocks will often retest the low or high of the spike. The stock then recovered and flattened out, which was an excellent time to enter a short position. The answer to my question -- you have no idea if the stock will have a valid breakout. Volume Histogram Shows the daily trading volumes at each price point in a separate area usaa gold stock price obi for td ameritrade the chart.

Manual Vertical Scale. Highlights the bid and ask prices. Here, we take a closer look at the volume profile and explain how it can be used to identify trade entries and exits. Futures Magazine is a premier resource for trading insights and trade ideas. However, once you overlay the volume you will see there are three key levels: 1 18,, 21, and 25, So, if you can protect yourself against those, and have a way to seek confirmation before you actually pull the trigger, and get into that trade, then that is all-important than something very much to be promoted. Because market participants have already found these prices attractive earlier in the session, this can represent good opportunity to sell. You would have known you were in a winner once you saw the volume pick up on the breakdown as illustrated in the chart and the price action began to break down with ease. The key is to get out if the price action begins to chop sideways for many candles. At least the money will go to a worthy cause. Thank you very very much. Now, in observing the price structure of the price action, if we can use the last correct of low the question we would need to ask ourselves is can we use the last corrective low as a technical stop-loss, and thrust the example would be the market continued to break higher above that level. The Dow is now bouncing around the 25, to 23, level. This is a key sign that the bears are in control. Above is the chart of Amazon and you can see the stock attempted to break out in the first hour of trading.

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