The myth of volume as a leading indicator of price direction...

[Leob]

You can succeed without deeply understanding volume and orders flow but you can't fail if you do understand them.

 

[VicBee]

On a side note, thanks for the informative exchanges. You all provide insight that give newbies like me a window into what goes into trading analysis. Much appreciated!

 

[murray t turtle]

It's correlated on the same day. That's the whole point....... I urge you to dig deeper and look at the relationship between volume at various points of the AM and the range for the ENTIRE session.

%%
LOL\exactly;
sometimes volume hints better than other times..
Price can up go or down on any kind of volume mostly/within reason ....................................................................