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Brannigan reviews a breakout trade in the WTI Oil futures market on 17 December 2018 with a lesson on the 3 requirements for a confirmed breakout, and how they appear on the footprint chart.
Together, the three requirements for a confirmed breakout can also be referred to as a 'confirmed close'. These three requirements are:
1. Increased Volume
2. Change in Net Delta
3. Price Response
Brannigan uses the 60 minute rotations on the footprint chart to show how aggressive selling into the lows equally bought back up, with sellers later stepping in again and generating lower highs. Although the confirmed close occurred during the early hours of the morning and was unlikely to be captured by day traders, the market came back to give another opportunity to enter the move after an aggressive bid up against the trend was absorbed by sellers.
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A Detailed FiNMAX Review To Investigate The Reliability Of The Broker.
Intro To FiNMAX Trading.
FiNMAX is one of the latest binary options brokers to cater to the global demand for improved binary options services. Although we see a lot of brokers trying different permutations and combinations while developing their binary options brokerage, FiNMAX is content with sticking to the tried and tested formula of a straightforward binary options service. The Binary Options market is a thriving industry, and brokers try to introduce new and innovative features that are designed to gain an edge in the competitive marketplace. Due to the ever-improving brokerage environment, traders these days have some of the most advanced binary options accounts and products that enable them to enjoy large profits than ever before.
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Under first impressions, it is clear that FiNMAX has clearly understood all the primary requirements of traders. In fact, FiNMAX tries hard to display itself as a genuine binary options trading company, despite its humble beginnings in 2016. It was certainly refreshing to see that FiNMAX is located in the UK, with additional offices in Bulgaria, Cyprus, Australia, Canada, and Italy. The professionally designed website also leaves no stones unturned as to the commitment of the company towards ensuring complete transparency in its products and services.