A bounce in price action may indicate reversal of a trend, but we need to see increasing volume to confirm the the reversal.
Without confirmation from volume, we are seeing a low-confidence bounce.
Without confirmation from volume, we are seeing a low-confidence bounce.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.