Right, because that lesser high isn’t the high of the chart at that time, just extra resistance which can later be support if it does breakout

Yes, a followup breakout needs to break high of day to technically be considered a breakout. I like to call those little mini breakouts you are referencing as 'consolidation breakouts.' They can be a great gauge for predicting high of day breakouts.

@TriumphantTrades Awesome, thank you :)

@BBaccSoon that makes sense. Thanks a lot :)!

From Tim Sykes glossary: Green: We say a stock is “green” on the day when it is up a positive percent compared to the previous close.

See http://tim.ly/fgdotc and I have dozens of videos like it, you didn't look very hard

yes thank you, I did watch this and just watched it again (as well as several others on your channel), but I'm still trying to clarify what exactly needs to be in place to call something a "first green day". -are we talking about where the candlestick is green? (and does it have to be a hollow green, or can it be a solid green?) -does it need to be after a long streak of red days? -does it necessarily need to have all 4: good news, catalyst, breakout, large volume increase?

@golfr7k this is why I do weekly Q&A webinars for http://tim.ly/sykesmc students, I go back and forth & can illustrate my answers with charts galore

No they are not exact

@Holdmytexan ok thanks! :)

I am not certain however, I believe that what Tim means is that a rumor can be influential on a stock if it is circulated enough. Good or bad. He discussed how rumors can drive a stock up as well as down in his lessons. Example: Rumor about Disney purchased a 5% stake in GNUS the other day made the ticker spike around 60 cents and then it crashed back down as the rumor was verified to be a fake. Not sure if that clarifies anything for you but good luck on your week!

@DaveMags Thanks! and i gotcha. And good luck to you as well! :)

yes, to go up in price.

Legs are formed when a stock has a push in price. Typically only used on stocks that are running. For example, If a stock makes a leg up then experiences x number of days of pullback then looks like it is setting up to go higher then it looks like its setting up to form another leg.

@CrowofShortClan Thank you, and sorry if I'm being slow, but what do you mean by a "push in price"?