A large bullish candlestick rising through overhead resistance can signal resistance has finally been broken. Especially when combined with large volume, a large bullish candlestick piercing through overhead resistance can signify that a new trend upward is about to begin. A 7-month consolidation in the Gold ETF (GLD) was broken with a large bullish candlestick. Bears were unable to repel this strong showing of the bulls, and for the next few months the trend was almost completely up.
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