Replies to post #7128 on lowtrade

[lowtrade]

BoomTime

The run continuation is seen in the volume support to it.

Normally retail will only support a move (up or down) for 3 days. During those 3 days you expect the support to weaken as the PPs gets close to the "NEW" retail mindset of actual value.

A normal move will reduce the volume increase by 20 to 30% per day. And day 3 will reach the volume level when the move started. This signals the probable start of the retrace.

If the volume hasn't reached the volume start level on day 3 you could say Strong hands! And expect a possible 4th or 5th day to draw out. In moves up or down.

If this volume decrease is LESS it's a sign retail many keep it going. If it's more then the move may stop sooner.

But once you see the volume lower or rise, more the half the day before, in one day, It says the move will end, the next day.

Rule of Thumb!




Checkpoint volume support.