CONTINUATION to previous breakout idea
EDUCATIONAL: Here you can see 12:15 candle it showed breakout but the volume decreased.
TRADING PSYCHOLOGY : when a stock breaks out without an increase in volume, you may see a pull back from opposition end as the support for the winning team( in this case the bears) has decreased.
Often people use this as an opportunity to trade. This is called FALSE BREAKOUT STRATEGY..
TRADING PSYCHOLOGY : when a stock breaks out without an increase in volume, you may see a pull back from opposition end as the support for the winning team( in this case the bears) has decreased.
Often people use this as an opportunity to trade. This is called FALSE BREAKOUT STRATEGY..
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