ββA simple way to identify the LEVEL BREAKOUT of the Maximum Levels indicator
Two candles are sufficient for identifying a volume level breakout:
The hourly time-frame is selected in the chart:
βοΈ The first candle should close after the level.
βοΈ The second candle should confirm that there was a breakout.
βοΈ The price should move in the breakout direction.
βοΈ A candle should also close below the volume level in down movement.
βοΈ The form of the breaking and confirming candles should be a trend one in the breakout direction. In other words, candlestick bodies should be bigger than candlestick shadows.
If you see all these signs, remember that the probability of movement in the breakout direction in the nearest future is very high.
#MaximumLevels #Indicator #Levelbreakout
Two candles are sufficient for identifying a volume level breakout:
The hourly time-frame is selected in the chart:
βοΈ The first candle should close after the level.
βοΈ The second candle should confirm that there was a breakout.
βοΈ The price should move in the breakout direction.
βοΈ A candle should also close below the volume level in down movement.
βοΈ The form of the breaking and confirming candles should be a trend one in the breakout direction. In other words, candlestick bodies should be bigger than candlestick shadows.
If you see all these signs, remember that the probability of movement in the breakout direction in the nearest future is very high.
#MaximumLevels #Indicator #Levelbreakout