9. What I look for (more confluences, the better)

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Last updated 6:01 AM on 7/22/26
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7 Terms

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Candlesticks

Look for strong rejection signals (e.g. long wicks) for potential reversals. Lack of rejection may hint at a breakout

<p>Look for strong rejection signals (e.g. long wicks) for potential reversals. Lack of rejection may hint at a breakout</p>
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Chart Patterns

Look for bearish or bullish patterns that suggest a continuation/reversal

<p>Look for bearish or bullish patterns that suggest a continuation/reversal</p>
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Volume

Higher volume during a breakout indicates a stronger move, meaning many other traders are interested in the breakout as well

<p>Higher volume during a breakout indicates a stronger move, meaning many other traders are interested in the breakout as well</p>
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Indicators

Depending on the indicator, crossovers or divergences may indicate a reason to buy/sell

<p>Depending on the indicator, crossovers or divergences may indicate a reason to buy/sell</p>
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News

Major events can influence reactions. E.g. Good earnings report typically leads to a jump in price

<p>Major events can influence reactions. E.g. Good earnings report typically leads to a jump in price</p>
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Time Frames

When the direction on bigger time frames match smaller time frames, there is a higher probability of trend direction. The 2nd picture is a zoomed in version of the 1st picture trendline breakout. The 1st picture shows a trendline breakout to the upside and 2nd picture shows a bullish pattern to the upside as well.

<p>When the direction on bigger time frames match smaller time frames, there is a higher probability of trend direction. The 2nd picture is a zoomed in version of the 1st picture trendline breakout. The 1st picture shows a trendline breakout to the upside and 2nd picture shows a bullish pattern to the upside as well.</p>
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Confirmation

Wait for follow-up price movement for confirmation. Price may pull back after a breakout, retest the breakout area and then continue in the breakout direction

<p>Wait for follow-up price movement for confirmation. Price may pull back after a breakout, retest the breakout area and then continue in the breakout direction</p>