5 months ago
The Volume Reversal is very similar to the Volume Breakout above, and is derivative of a standard volume bar. It is a two phases bar type.
First it starts to accumulate volumes during phase one, and then, it waits for a continuation if volume are exchanged in the trend direction, or a volume reversal is significant volume are exchanged in the opposite trend direction.
This bar display volume trends and is less sensitive to false reversal or false counter trend moves, and works very well with “in trend” strategies.
If you use to trade Volume Bars, we highly recommend you try this bar type.
The Rectangle Pattern
Double and Triple Pattern
The Cup with Handle Pattern
The Head-and-Shoulders Pattern