If you’ve followed our trades, you know we like to buy when conditions are right.
One of our strategies is to buy a stock/ETF near the close if it is closing near the top of its range on a pickup in volume. That action, coupled with good fundamentals and a good chart pattern, etc. typically follows-through in the next market session.
Always bear in mind, charts have personalities. When a chart contains an abundance of tail bars accompanied by whippy, wide and loose bars and patterns, leave it alone until it settles down and acts right.