volume analysis

volume analysis

 

....30 min trading hours....
... compare the two bars.... before the closing bar....
.... volume increases.... but range shrinks to nothing.....
..... hmmm.....

 

....weekly volume is increasing....
.... something could happen next week....

 

...check out the last bar....
... 30 min trading hours...

...inside bar....
...doji bar.....
...compared to previous bar....
... range is tiny but volume has greatly increased.....
.... break out up/down immiment....

...with end of friday... could pass for a bull flag....

 

.... must have been that bull flag

 

lol

 

.... this is after the fact but still very relevant....
.... daily bar ....

... range shrunk to zero and so did volume....
.... implying something about to happen...
.... also was doji at lower end of bar.....
.... implying that will resolve to upside rather than downside....

 

how much upside is contained in that weekly down bar... ?

 

as of friday....
.... we are trading above 20 day volume weighted price.....

 

FRIDAY... volume and range looks good for either continuation up

... or a little consolidation to the downside...