Hello traders,
Volume is the most important indicator in trading.
It's the rule number #1
Everything can be hidden except volume.
There is clear divergence between volume and the price which indicate(lack of interest).
Price is increasing and volume decreasing. In our case (purchasing power is decreasing) and momentum about to end.
It means there is correction coming soon to the market.
In my opinion it will be fast and it won't last long. So be prepared.
If you wanna buy and jump in, better to wait for the anticipated correction.
----------------------------------------------------
Non of this you can use as financial advice! always do your trade based on your analysis and strategy.
Volume is the most important indicator in trading.
It's the rule number #1
Everything can be hidden except volume.
There is clear divergence between volume and the price which indicate(lack of interest).
Price is increasing and volume decreasing. In our case (purchasing power is decreasing) and momentum about to end.
It means there is correction coming soon to the market.
In my opinion it will be fast and it won't last long. So be prepared.
If you wanna buy and jump in, better to wait for the anticipated correction.
----------------------------------------------------
Non of this you can use as financial advice! always do your trade based on your analysis and strategy.
