A quick look at the basic principle seems at least in one stock to give a clear PREDICTIVE bottom reversal signal. I will definitely incorporate it’s study going forward. Thank You!
BRKR Market Environment : Stock in Uptrend in an extreme fear driven Market.
In an UPTRENDING stock ,on a down trend (last candles must be lower lows! not consolidations, or pauses) where the overall volume is Steadily decreasing. A positive volume day of greater than 15%(FLOCN [Fast Loose Off Cuff Num]). Offered the swing trader an easy next day enter, with stop loss deployment, and a good rate off return in BRKR these last 6 months.
--------------------------------------------------- Budding chartist ( VA 34 ) learning and posting out loud till I'm 85 lol
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