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post 2 of 3
(3) Find stocks in consolidation:
- Positional trader: 5-65 weeks
consolidation
- Swing trader: 1-4 weeks consolidation
- Day trader: 5 mins to 1 hour
consolidation
- Scalping trader: Focus on 1-3 mins
consolidation
(4) Volume price analysis:
Consolidation Phase:
- Price stable
- Volume contracts
- Market indecision
Bearish Reversal Signal:
- Price falls
- #Volume spikes
- Increased selling pressure
Bullish Breakout Confirmation:
- Price surges
- Volume expands
- Strong buying interest
Caution in Uptrend:
- Price rises
- Volume remains low
- Lack of conviction
Reversal Warning:
- Price declines
- Volume surges
- Potential trend reversal
(5) Entry criteria:
- Pivot point signals potential for
significant price moves.
- Enter trades when stock shows strong
price contraction near key supply/
demand zones.