Lesson in volume
Im seeing a build up of red volume candles which could signify a drop soon. What Ive noticed is if you look at the previous candles it helps when determining future price movement. For instance if you see 10 tiny red volume candles in a row they add up. So if you see a period with more red volume than green its not wrong to assume that a decline in price is in the cards. This isn't fool proof and you should also pay attention to other indicators that traders watch. In doing so you can greatly increase your chances of obtaining profit. Its all about increasing your chances of being successful.
Long story short, looking at volume is important. Understanding the way it works is crucial to being a decent trader. Look for the uptrends and downtrends in price action and pay attention to the volume situation. There is an obvious correlation. I am probably not the best person to be giving a lesson in TA. This was done more for personal reference. But I figured I would share with everyone! Im learning as I go :) Happy trading everyone!!!!
(Sorry I had to delete the original post because I saw a mistake)
Long story short, looking at volume is important. Understanding the way it works is crucial to being a decent trader. Look for the uptrends and downtrends in price action and pay attention to the volume situation. There is an obvious correlation. I am probably not the best person to be giving a lesson in TA. This was done more for personal reference. But I figured I would share with everyone! Im learning as I go :) Happy trading everyone!!!!
(Sorry I had to delete the original post because I saw a mistake)
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