RE: Beginners Questions
HI Isa!
Thanks for your input.
Reasuring.
Regards,
PAtrick
(2018-03-19, 11:09 PM)isatrader Wrote:(2018-03-19, 01:16 PM)badcharts Wrote: Hi,
I'm seeking guidance for volume on break downs.
Stan says fear is the volume. But I seem to often see good volume on weekly breakdown candles. I like this as I can apply the triple confirmation on stage 4 start.
What are your thoughts?
Regards,
Patrick
I may be wrong, but I remember in the past Stan saying that volume on the Stage 4A breakdowns was a less important consideration than on the Stage 2A breakouts, and initial breakdowns are often shorter and sharper than breakouts. However, volume is one of the critical components of the method, so it always helps to see an appropriate increase.