Hello ladies and gents
In this chart I am exploring the idea of the weekly volume trading opposite to the trend.
what i mean by this is that during the bull run i am targeting the the sell off volume candles while during the bear run i am targeting the buying volume candles.
What i have noticed is that during the bull run the sell candles are increasing in size creating an upward trend . During the bear run the buying candles form a downward trend.
my conclusion
the volume candle formed last week did not break the descending trend by quite a large margin meaning that we are still in bear territory.
In this chart I am exploring the idea of the weekly volume trading opposite to the trend.
what i mean by this is that during the bull run i am targeting the the sell off volume candles while during the bear run i am targeting the buying volume candles.
What i have noticed is that during the bull run the sell candles are increasing in size creating an upward trend . During the bear run the buying candles form a downward trend.
my conclusion
the volume candle formed last week did not break the descending trend by quite a large margin meaning that we are still in bear territory.