The Volume Bar signal starring Crown Castle

As part of the Simple Approach series I thought I would do a post on how to use Volume Bars as a trade entry signal. You don’t really need anything on the chart except price and volume for this approach.

For this example, I bring you the Weekly chart of $CCI. This is a stock that I have been stalking this week:

CCI_weeklyHere is the signal:

  • After at least 4 Red volume bars in a row you go long the next Green open
  • Use your Stop process and/or utilize Options as appropriate
  • There are 5 instances on this chart, including the one that has formed now. Will history rhyme?

Critical moment here as this rough HnS has formed, potential neckline test imminent.

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