Sentences with phrase «bullish volume pattern»
The strongly bullish volume pattern and volume indicators support this outcome, in particular the strong On - balance Volume line, and the current tight bunching of the price and moving averages create the potential for a big move soon.
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The weekly volume pattern leading up to the breakout above resistance was bullish, with two strong weeks of accumulation (higher volume gains) in early January.
Now, $ YCS is back above both its 10 and 40 - week moving averages, as it pops its head above resistance of a 6 - month downtrend line on increasing volume and with a bullish reversal pattern.
Despite Monday's bullish reversal candles, we continued playing defense because one of the most important and reliable indicators of technical analysis is the volume patterns of the broad market (this was the focus of our May 3 commentary).