I want to share a little trick for validating breakout from a narrow range. If more people use this method then it can become even more effective ;-)
1. Price crosses below both lines of Chande Kroll Stop and the area between two lines of Chande Kroll Stop is shaded, indicating price is breaking out of a narrow range
2. Bull bear power histogram paints red below...
Look for 3 successful pullbacks into the channel and price will hit the middle line (VIDYA). In other words, one side gave up after 3 failed attempts. Works on any time frame.
