This is more for my own ref but if that is of interest:
Since 2011 there has been 14 breakouts of which 5 only really brought the price meaningfully higher level without an imediate correction that allowed trading.
What i would mark as F is one where the following condition are met:
1) the rally did not last more than 2 weeks
2) the rally was limited to 3% (a bit higher when the vol is higher of course)
3) the subsequent correction brough well below the breakout out point within 6 weeks.
Conclusion: most (70%) of local new highs breakouts are within ~2% of a trad-able top with downside of 3% to 10% (mostly 4.5%).
These new tops are a good way to unlock the market and also, most of the time, illustrate the willingness of the market to go higher which it does at a later date.
Since 2011 there has been 14 breakouts of which 5 only really brought the price meaningfully higher level without an imediate correction that allowed trading.
What i would mark as F is one where the following condition are met:
1) the rally did not last more than 2 weeks
2) the rally was limited to 3% (a bit higher when the vol is higher of course)
3) the subsequent correction brough well below the breakout out point within 6 weeks.
Conclusion: most (70%) of local new highs breakouts are within ~2% of a trad-able top with downside of 3% to 10% (mostly 4.5%).
These new tops are a good way to unlock the market and also, most of the time, illustrate the willingness of the market to go higher which it does at a later date.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.