@amynos Seeing an increase in volume at the break down is always preferable as it give you more confirmation but it is also important to know that increased volume in break downs is not as important as increased volume at break outs (Inverted Head & Shoulder). The reason is that a stock/future can drop almost without no sellers (it just takes no buyers) but a stock/future cannot climb without buyers.
Should the volume be considered when looking at this pattern?
thx
amynos 1 year ago
@amynos Seeing an increase in volume at the break down is always preferable as it give you more confirmation but it is also important to know that increased volume in break downs is not as important as increased volume at break outs (Inverted Head & Shoulder). The reason is that a stock/future can drop almost without no sellers (it just takes no buyers) but a stock/future cannot climb without buyers.
StockMarketStrategy 1 year ago