Buying climax and Selling climax appear at the end of bullish and bearish market ..i trade them little bit different way .when price break buying and selling climax i look for trade sharing some example
Breakout and test of buying climax high
same with selling climax ..there can be various method to take trade
A) trend continue method
1) when buying...
This is my simple indicator to help identify whether an upside bar is unusual or not. I like to see a bar as particularly unusual like a 15% move in a long period where a typical move is under 5%. It usually signals a buying climax and the end of that short term rally.
I compares the previous bar's close to the current bar's high and is expressed as a percentage....