$FIL volume is 0.6x its weekly average. Most traders misread this completely
When price moves on low volume it has no weight behind it
$FIL sits at $1.0467 down 1.6 percent today inside a $0.99320 to $1.0760 range
That weak 0.6x volume ratio tells me nobody is really stepping in here
A real breakout needs volume above 1x to prove the crowd cares
To check this ratio yourself divide today volume by the 7 day average on your chart
What is your minimum volume multiplier before you enter a trade?
#FIL #TradingTips
When price moves on low volume it has no weight behind it
$FIL sits at $1.0467 down 1.6 percent today inside a $0.99320 to $1.0760 range
That weak 0.6x volume ratio tells me nobody is really stepping in here
A real breakout needs volume above 1x to prove the crowd cares
To check this ratio yourself divide today volume by the 7 day average on your chart
What is your minimum volume multiplier before you enter a trade?
#FIL #TradingTips