What precisely does volume confirm?
Use volume as confirmation, the sage advice goes, and for once the sage advice is truly good. But what precisely is volume supposed to confirm, and how?
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Volume as confirmation
There’s a saying in the share market that goes, A stock can fall under its own weight but it needs volume to rise. The saying is underlaid by sound reasoning:
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Category : Charts Tags : stock market, volume
Volume spikes
A volume spike is a surge in completed transactions, buyers actually buying and sellers actually selling. The spike is so large it can only be considered an anomaly, and is usually at least double the stock’s normal volume.
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Category : Indicators Tags : volume, volume indicator
Volume as confirmation
There’s a saying on Wall Street that goes, “A stock can fall under its own weight, but it needs volume to rise.” This saying has been proven as reliable, and so is worth examination.
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Category : Indicators Tags : confirmation, volume
Volume in the forex trading market
In forex trading, volume does not refer to the number of trading lots offered or bid, but the number of completed transactions. Therefore for technical traders, volume is a powerful but too often overlooked indicator of market sentiment and therefore currency pair movement.
Category : Basic Concepts Tags : Forex, forex market, forex trading, Trading, volume