Will we have a shift on volume for the bulls ?
Updated
This is an experimental analysis, despite some other analysis points to a pullback, I just went thru the volumes to see if they tell me something and as you can see in the chart the bears just broke the trendline below a rising wedge, meaning the bears slowly are fading out? Also, I want to point out the other hand the bulls are wedging the upper side of the wedge, which also enforces the idea that bulls is getting ready to assume the position and push the Oil price right up, please let me know your thoughts
*Just a note, the volume graph I made takes the highest point from the volume below in the graph at 4h timeframe.
*Just a note, the volume graph I made takes the highest point from the volume below in the graph at 4h timeframe.
Comment
I published this trend measure for the volume on Saturday on an experimental basis and it is working quite well, the bears volume falls from a rising wedge while the bulls took over as you can see on the graphs below s3.tradingview.com/snapshots/s/sjnhmK22.png
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