$BTW has moved above the 1.95 level.
If it can hold above that level for a while, it suggests selling pressure is light—a much healthier sign than briefly poking above it and then falling back.
A genuine breakout is often accompanied by higher volume, while a false breakout often isn’t. This is the filter I use most often.
If it can hold above that level for a while, it suggests selling pressure is light—a much healthier sign than briefly poking above it and then falling back.
A genuine breakout is often accompanied by higher volume, while a false breakout often isn’t. This is the filter I use most often.