Looking at the chart, sellers volume level is greater than buyer's previous volume level, does it indicate the buying climax (= the end of bullish movement) ??
Is this a buying climax? (volume analysis)
- Thread starter victorycountry
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Looking at the chart, sellers volume level is greater than buyer's previous volume level, does it indicate the buying climax (= the end of bullish movement) ??
Red bars means Open>Close.
Green bars means Open<Close.
IMO. This analysis doesn't work.
Aka. Wyckoff Analysis.
For every buyer there is a seller.
So you think Green means more liquidity takers.
But it's not always true. Sometimes they lift the asks,
But the price doesn't go up. Because bids are weaker than asks.
Green bars means Open<Close.
IMO. This analysis doesn't work.
Aka. Wyckoff Analysis.
For every buyer there is a seller.
So you think Green means more liquidity takers.
But it's not always true. Sometimes they lift the asks,
But the price doesn't go up. Because bids are weaker than asks.
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Thank you Pia!
In Wyckoff Analysis, they talked about volume analysis with only one color.
I observed it in bullish market, in the beginning stage.
Looking at the chart again now, it was just a temporary selling pressure.
I think you have very good insight into the financial market, thanks again
In Wyckoff Analysis, they talked about volume analysis with only one color.
I observed it in bullish market, in the beginning stage.
Looking at the chart again now, it was just a temporary selling pressure.
I think you have very good insight into the financial market, thanks again
Considering there was lessor volume as market when up is one clue, huge bars going up fast usually means coming back down fast, considering there was odd looking Head and Shoulders. And now since you have higher lows, Head and Shoulders bottom and at the recent low on lessor volume, probability says it likely going up.
Or did I give too much information of what you are asking?
Thanks for your interpretation about volumes on recent low, really helped.
I see that you often mention head and shoulder patterns.
I do believe in V-shape pattern & 123 high and low but I have not really tried to see the whole forest.
I know you have been trading for many many years and because you often mention the pattern, there must be a good reason behind it.
From now on, I will try to study the head and should patterns.
Thank you Sir!