$AKE 1-hour trading volume rose to 4.6 times the average, while the price was down 0.16%.
After a volume spike, I look at three things:
1) Price direction: moving sideways
2) Whether the volume can stay elevated—single-bar spikes are often just a pulse
3) The range during the volume spike often becomes a short-term watershed
What will you do if the market reverses next?
After a volume spike, I look at three things:
1) Price direction: moving sideways
2) Whether the volume can stay elevated—single-bar spikes are often just a pulse
3) The range during the volume spike often becomes a short-term watershed
What will you do if the market reverses next?