$BAT has fallen below the 0.17 level.
The first rebound after a breakdown is the most crucial. If price is held down when it retests this level, it will turn from support into resistance.
A genuine breakout is usually accompanied by increased volume, while a false breakout often lacks volume. This is the filter I use most often.
#BAT
The first rebound after a breakdown is the most crucial. If price is held down when it retests this level, it will turn from support into resistance.
A genuine breakout is usually accompanied by increased volume, while a false breakout often lacks volume. This is the filter I use most often.
#BAT