No sales, just buys using the volume bar setup in

I am trading $CRM today post-earnings, and in reviewing the chart I noticed a nice volume bar Buy setup that existed on the Daily chart:

  • CRM_volume_barThe key here is to buy the first Green volume bar after at least 4 Red volume bars in a row
  • There are 4 signals on this chart
  • It is likely that at least 2 would hit a trail stop if set under 3%
  • The last signal was the big winner
  • There may be a 5th setting up if today holds Red

On the flip side of this, there were several volume bar Sell signals as well (late Jan and early Mar that looked real good).

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