TD-Line of Level 3 Magnitude Upward Breakout, Qualifier 1 is Met Stocks

This screen finds an upward breakout through a level 3 TD supply line, a falling line through the two latest TD point highs, that also passes DeMark's qualifier 1: the close of the bar before the breakout moved against the breakout direction, a sign of genuine demand rather than exhaustion. Thomas DeMark draws TD lines objectively through the two most recent TD points, highs or lows with lower highs or higher lows on each side; the level, or magnitude, is the number of bars on each side. Qualifiers help separate valid breakouts from false ones.