Can I pick your brain in regards to the correlation between the candle and volume indicator? The circled indicator is saying the market tried to bring the price down on low volume. Is this what you mean by this signal?
nfury8
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@timb89,
Its a shakeout, to get rid of 'weak holders' If they were selling, there would be a massive amount of volume coming out...but theyre just getting rid of 'traders' that have set tight stops
In this free trading book(the only one worth looking at) tradeguider.com/mtm_251058.pdf Look up springs/shakeouts or follow me on twitter @mrnfury8 , its where most of my charting is located live every day
Bullandbeartrading
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Nicely long analysis !
nfury8
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@Bullandbeartrading, thanks,needs to break and hold yet...but time will tell,
On watch but may be a false alert, time will tell