After a downtrend we have a trading ring situation so we will have two possibilities:
• A strong breakout with a green candle with a high volume then a very strong buy signal.
• A breakout with a red candle then a very strong sell signal.
Personally, I recommend the first hypothesis.
• A strong breakout with a green candle with a high volume then a very strong buy signal.
• A breakout with a red candle then a very strong sell signal.
Personally, I recommend the first hypothesis.