$ARC 1The 1-hour trading volume was approximately $7.04 million, 139.9 times the previous average; over the same period, the price fell 38.86%.
Folks, how should we interpret a surge in trading volume? Here’s the short version:
Read a surge in volume alongside price action: where the price closes and how long the wicks are usually tell you more than the volume alone.
After a steep decline, a surge in volume alongside a failure to make a new low may be seen by some as a sign of buying support, but this still needs confirmation from subsequent candlesticks.
Indicators can be wrong, so don’t skip your stop-loss: deciding in advance what you’ll do if your read is wrong matters more than whether your prediction is right.
#ARC
Folks, how should we interpret a surge in trading volume? Here’s the short version:
Read a surge in volume alongside price action: where the price closes and how long the wicks are usually tell you more than the volume alone.
After a steep decline, a surge in volume alongside a failure to make a new low may be seen by some as a sign of buying support, but this still needs confirmation from subsequent candlesticks.
Indicators can be wrong, so don’t skip your stop-loss: deciding in advance what you’ll do if your read is wrong matters more than whether your prediction is right.
#ARC