What comes to your mind when you see a rocket Launch into space?
You assume two things:
1. It will be a successful Launch
2. It will go a Long distance
The same happens with a stock when it successfully breaks out with a Large Candle on huge volumes. If you do not understand break out - Please read Science of Stock Price Action Video Book
What happens when there is a rocket launch type situation in a stock (Large Candle Breakout)
Liquid Large Candle Breakout has a tendency to deliver solid results. Here's the performance of some successful large liquid breakout in 2017 that I covered as Live Case Study:
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One of the objectives of writing stateofthemarket.net blog posts is to demonstrate how price action works in a very simplistic manner. I have been writing about markets for years now and have developed a unique way of looking at the market. I have developed a course material if you are interested in learning about this whole space which comprises of the following
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers