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I notice there was over 3000 contracts traded up at 1854 with no upwards progress, Db. (1min bar)
Would you call that a buying climax? |
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Personally, no. But waves don't always crest with a bang. They sometimes end with a whimper. Therefore, one has to have something else to look at in addition to climactic volume, which is why I incorporate demand/support lines, trendlines, and swing highs/lows. If price violates all of that, regardless of what's happening with volume, then you're very likely done.