We are at a very strong resistance level as we have up move and average volume which is decreaisng. The last month is disbalanced, because the spread of the bar is wide and the volume is less compared to previous bar's spread and their activity. So it would be a good idea to buy put options.
We are at a very strong resistance level as we have up move and average volume which is decreasing. The last month (July) was disbalanced, because the spread of the bar is wide and the volume is less compared to previous bar's spread and their activity. So it would be a good idea to buy put options.
Two weekly bearish bars with high volume as the day is going to end as a No demand. It's a low range up bar with low volume after falling of the price.
