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This is a great thread and I don't want to be left out.


Here's what I look for:


Volume accumulation on the whites (ringed in blue)

Attempts that fail with black candles on lighter volume

At least two of those

Big white on increase in volume breaking the down-trending tops

The bottoms need to be flat - or very close to flat


Oh - My first concern is that I need to know when I'm wrong. For this one it will be a close below 14 so I set my position size accordingly ....


and .... over 10 years of doing the same thing over and over ... so if its not boring then I'm at risk of running down my capital ... for excitement look elsewhere ....


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