As I said earlier today, volume plays a very important role in breakouts. you see an upward breakout and the price closed a candle above the pennant but without any considerable volume, and it reversed all the way down.
Good Luck With Your Trades. ;)
we have a perfect pennant after a sharp move, but pay attention to the volume when the price inside the pennant is going down in compare when it's going up. Here the volume says that sellers are more aggressive and stronger than the buyers and there is small chance for bulls...
But as always, the market is unpredictable and volume burst on either side will be you...
The range is broken but not strongly, and now a pullback. If it bounces off the rectangle with considerable volume, bullish movement is confirmed.
wait patiently for the confirmation. If it happens, the bullish move is gonna be awesome. ;)
This trend line is very strong, three attacks with considerable volume, but no success.
only a close above the line with considerable volume would be a "go long" signal.
