According to Wyckoff’s third law:
price moves due to an effort (volume). As a result, investors often use trading volume to confirm a trend's continuation, or a trend reversal.
a- Continuation: Prices move impulsively (If the volume has reached the maximum level)
b- Trend reversal (Restricted range of price): (If the volume has reached the maximum level), it just means this volume doesn't support the price action
According to me:
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.