$W 1Hourly trading value rose to 6.5 times the average, with the price up 1.58%.
After a volume surge, I look at three things:
1) Price direction: both price and volume are rising
2) Whether the volume surge continues—one isolated spike could just be a blip
3) The high and low of the high-volume candlestick, which often become key short-term levels
Which way do you think it’ll go? Let me know in the comments.
#W
Be aware of the risks and make your own decisions. This is not investment advice.
After a volume surge, I look at three things:
1) Price direction: both price and volume are rising
2) Whether the volume surge continues—one isolated spike could just be a blip
3) The high and low of the high-volume candlestick, which often become key short-term levels
Which way do you think it’ll go? Let me know in the comments.
#W
Be aware of the risks and make your own decisions. This is not investment advice.