The candlesticks are cracking jokes again: $SOLV 1-hour trading volume was about $6.41 million, 19.1 times the previous average; the price fell 6.36% over the same period.
A sudden spike in volume only shows that everyone got busier—it doesn’t tell you which side is right.
On a more serious note, read trading volume alongside the candlesticks: the closing price and the length of the wicks are usually more useful than the volume alone.
Learning to read indicators is easy; the hard part is still following the rules when the market is at its most extreme.
Stay calm and manage your position size.
A sudden spike in volume only shows that everyone got busier—it doesn’t tell you which side is right.
On a more serious note, read trading volume alongside the candlesticks: the closing price and the length of the wicks are usually more useful than the volume alone.
Learning to read indicators is easy; the hard part is still following the rules when the market is at its most extreme.
Stay calm and manage your position size.
