When price is in a trend, price will continue the trend as long as there is increasing volume. Edit: dominant volume
Hmmmm... and I thought I'd be disqualified by going over 20 words. That is only the case in the dominant traverse. So I'd have to go with Padawan on this: Increasing volume occurs on dominant traverses. Decreasing volume occurs on non-dominant traverses. Context is king and queen, and ace.
increasing dominant volume means continuation, decreasing non-dominant volume means retrace or lateral movement
I think this answer might take the cake. Again wrt the situation from yesterday at 13:50, higher volume+lower volatility and FBO of lateral means change, as the market has tried but failed to 'continue'. Since it tried to continue up, change means downward movement.
Got a solid profit out of GES today. Bought at 40.95 when decreasing red moved to increasing red(30 min fractal) and towards a BO according to PRV on QT and rode it down to 39.50. Saw decreasing black coming in and decided to take my profits. For the rest of the day it went into a lateral. Comments welcome.
Yep. Price went out of the pennant going up, but turned right back around intrabar and said, "uh uh." IMO, one could view the inside bar with increasing volume as a change signal (to anticipate going long) and then view the IBGS/FBO the following bar as another change signal (to expect a short). Two signals of change occurred back to back on the close of those two bars. Using finer tools the signals occurred intrabar. Hopefully that's correct.