Price Volume Confirmation

CHEAT SHHET on Price Volume Confirmation.

 

Spread of the candle should be supported by a proportionate volume.

If not, its an abnormal movement and traders should be cautious.

 

Understand the logic and memorize it.

The chart above shows volume confirmation technique whilst taking a trade.

 

A big candle spread accompanied by asmall volume expansion is a non confirmation, hence taking a long at that moment needs caution.

 

This same effect is explained for all the 4 volume price scenarios.

 

출처: https://twitter.com/EmperorBTC/status/1420048827684245512