123Tom's TA study group

[Citrati]

That sure reversed in a hurry.
Yes, volume often precedes price. Low volume when bottoming or basing is often a sign of selling exhaustion. The other option is a high volume flush. Will have to see how the rest of today plays out. I don't like that the lower bb today has gone from flat to angling down on the daily (6month).
13ema,20day midline is still resistance. I was optimistic for holding here, but may have to change that if 5.20 doesn't hold. On the same chart going back to Feb/Mar this 5.10-5.17 zone needs to hold. If price starts closing below this current VbP bar there is potential for significant down.

So far my expectation for a solid day has not materialized. Sure want to see a nice pole form on the candle bottom and price close at 5.30 or above.

Green trades.