Weekly volume and price analysis.This is meant only for me.
Updated
I take candle and volume 1 as my benchmark.This means this volume and price spread is genuine.On 2,we a little less volume as 1,but the price spreas is very small.We should normally with this volume, a price spread a bit less than candle 1.We have not.This means that the price was pressed down by sellers.Hence the volume and spread.This is therefore a weak candle.Volume 3 is half more than volume 1 but the spread of 3 is twice that of 1.The effort (Volume) was not big enough,but still we had a big result (price spread).Here it seems a bit complicated.This means,there were less buyers, even though the price spread doppelled.This candle therefore shows signs of weakness.We can only here conclude that the next candle will not move very high,will slow down,sideways or down. Candle 4 have the same(until now) spread as 1 but the volume is higher than 3.High volume,spread lower:The sellers are preventing the price to go up,pressing the price down,hence the small spread.This canld is therefore weaker than 3.Two candles after each other and the last one still weaker.Conclusion:The next candle cannot move much higher,can move sideways or downwards.
This is only meant for me.I am just learning.My benchmark can be totally wrong and therefore ,I can be totally wrong.I just wanted to see how it develops.
This is only meant for me.I am just learning.My benchmark can be totally wrong and therefore ,I can be totally wrong.I just wanted to see how it develops.
Note
I have mixed german and english.By doppelled i meant doubled.
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