Volume, Conviction, Wicks and Divergence
A Wick Study on False Breaks & Continuation Breaks For Divergence Trading by myself, otherwise, known as ScienceEvolution, Genesis or The Pip Barbarian.
ScienceEvolution's Self Observation of Volume Divergence:
One sure way of knowing that price will keep going or go the opposite way is by observing the volume valleys, breakouts and peaks.
Rising volume interest with lower price-wick valley (convicted sellers & volume level are noted); and then, lower volume interest with a 2nd lower price-wick valley (non-convicted sellers) is real divergence better and quicker than any indicator to determine whether a breakout is false or a divergence.
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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.
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.