Lessons › Market structure › Does volume agree?
World 2 · Market structure · lesson 16 · level 3
Does volume agree?
A price move that lots of traders join is harder to stop than one that nobody joins.
What it is
Price closed above resistance on strong volume. The ceiling broke.
Your task in the app
Did price break out? Then decide: buy, sell, or wait?
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 31 | 36% | 61% | 3% |
| United States | 24 | 33% | 62% | 4% |
| Japan | 12 | 50% | 50% | 0% |
| Crypto | 410 | 40% | 56% | 4% |
| Commodities | 12 | 25% | 50% | 25% |
Counted on real past charts by the Trading Class research engine, 489 cases in all. Past odds, not a forecast.
Read more on the Breakout pattern page.
Goal of this lesson: Use volume to judge whether a breakout or trend move has real support behind it.