Price action characteristics prior clean breakouts:
Not more than 20%+ away from 50 Moving Average
2-3 Narrow Range Bars (Net Change < 2%)
Contracted Volumes
Selling Rejection/Shakeout
No recent buying rejections/Down days with high volumes
High relative volume at start
(1/n)
Not more than 20%+ away from 50 Moving Average
2-3 Narrow Range Bars (Net Change < 2%)
Contracted Volumes
Selling Rejection/Shakeout
No recent buying rejections/Down days with high volumes
High relative volume at start
(1/n)
• • •
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