The Volume Bar Sell – starring O’Reilly Automotive

Since I have done mostly Buy trigger setups in the Simple Approach series, I thought it was only fair to give some morsels to the Bears. Here is a look at the 60 minute chart of $ORLY showing several Sell signals based on volume bar counts:

Short the 1st Red candle after 4 Green volume bars in a row. There are 4 occurrences on this chart including the current signal today.

Leave a Reply

Your email address will not be published.