$BIRB lost the 0.09 level.
The first rebound after the breakdown is crucial. If it can’t get back above this level, it will turn from support into resistance.
A genuine breakout is usually accompanied by increased volume, while false breakouts often happen on low volume. This is the filter I use most often.
The first rebound after the breakdown is crucial. If it can’t get back above this level, it will turn from support into resistance.
A genuine breakout is usually accompanied by increased volume, while false breakouts often happen on low volume. This is the filter I use most often.