Bounce Strength Indicator

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Bounce Strength Indicator

Bounce Strength Indicator (BSI) shows the strength of bounce according to the Wyckoff method.

After a move higher, the stock moves into a flat consolidation with a clear support level. Chartists should watch action closely as prices approach support. A high volume surge off support, also known as a springboard, is the first sign that the bigger uptrend is set to continue and a consolidation breakout is imminent.


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