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"VOLUME is the ultimate Trading cheat code" PART 2

Please read the FIRST Thread Before Reading this!

https://t.co/IV1HrDlzqk

#StockMarket #stock #volumeintrading


#1 Volume Color Can Create a False Illusion

At first look, it looks like a big volume spike.

But if you notice the price candle, it has a big selling wick.

It indicates "SELLING PRESSURE" is high at that time.


We can easily avoid this false impression using the "BLACK" color code across all the volume bars.

Now your mind doesn't assume it is a bullish volume spike!

(If you don't want to use the black color, then view the chart without getting any bias based on the volume color)


#2 Analyze Each Volume Spike Carefully

In this image, the price is breaking the resistance trendline.

How do you say whether it is a genuine breakout or false breakout (from a volume perspective)?


Observe the major Volume Spikes.

A is Bullish (Price moved upside on the next day)

B is Bearish (Price fell on the next day)

C is Bearish (Price moved sideways and fell)

D is Bearish (Price fell on the next day)

So High Probability of FALSE BREAKOUT!

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The first likely historical reference to Ethiopia is ancient Egyptian records of trade expeditions to the "Land of Punt" in search of gold, ebony, ivory, incense, and wild animals, starting in c 2500 BC 🇪🇹


Ethiopians themselves believe that the Queen of Sheba, who visited Israel's King Solomon in the Bible (c 950 BC), came from Ethiopia (not Yemen, as others believe). Here she is meeting Solomon in a stain-glassed window in Addis Ababa's Holy Trinity Church. 🇪🇹


References to the Queen of Sheba are everywhere in Ethiopia. The national airline's frequent flier miles are even called "ShebaMiles". 🇪🇹