Normal
Yeeess there is a bit moreI find it easier to think as supply controlling priceNo supply then demand will pay higher prices as supply withdrawsIf there is plenty of supply then demand will withdraw and price will fallIf supply continues even if on low volume and demand is lower than the supply it will fall and vice vercaVolume unless it is extreme has little effect.Extreme volume and extreme range even if not seen together need to be looked at closelyNot all high wide range bars to the up side are bullishVery often they are exhaustion of demand and very bearishI will go through this with charts and situations laterVery very low volume in small consolidations are also very informative.
Yeeess there is a bit more
I find it easier to think as supply controlling price
No supply then demand will pay higher prices as supply withdraws
If there is plenty of supply then demand will withdraw and price will fall
If supply continues even if on low volume and demand is lower than the supply it will fall and vice verca
Volume unless it is extreme has little effect.
Extreme volume and extreme range even if not seen together need to be looked at closely
Not all high wide range bars to the up side are bullish
Very often they are exhaustion of demand and very bearish
I will go through this with charts and situations later
Very very low volume in small consolidations are also very informative.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.