Volume can be out of four bars, if up bar have above avg volume then chances of upside are more. One can also need to specify, is 'Inside bar' allowed in formation or not.
Also, bar on which range is trying to break, is the volume is above average or not.
Also, if immediate -4-bar breakout is a failure signal then one needs to take this signal or not..??
How the range is getting defined.. Is it defined by first bar only, it means all three subsequent bars are inside bars to that original one, so do we need to take this signal...
...etc...etc...
Nitinji needs to define what exactly setup he is looking for...
Also, bar on which range is trying to break, is the volume is above average or not.
Also, if immediate -4-bar breakout is a failure signal then one needs to take this signal or not..??
How the range is getting defined.. Is it defined by first bar only, it means all three subsequent bars are inside bars to that original one, so do we need to take this signal...
...etc...etc...
Nitinji needs to define what exactly setup he is looking for...
