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Clay starts off this webinar by using the Y axis to determine if a stock may be volatile or not.
We then look at WLK on the 2 minute chart. After polling the room for what they would alert, we see that it’s definitely a bullish pattern but it happened after a nasty gap down. There is a clear level of support many are using for their stop loss (under the lows of the 3 most recent candles). As we scroll the chart we see it goes down to the half grandma of 75.50 (printed .49). It continues to grind for the next 10 minutes before ultimately breaking out above the pattern. It ultimately made it to the 200 sma before a real reversal.