Traders Laboratory - View Single Post - Spotting Trend Reversals Using Candlesticks
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Old 09-05-2006, 07:43 AM
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Do you use volume to determine whether the pullback will be shallow or deep? Pullbacks with greater volume tend to be failures while shallow volume indicate a continuation of the trend.
In a fast moving markets, one minute wonder bars work better than volume. This is because analyzing volume relative to uptrend and pullbacks are more hindsight.

Of course, volume is important as well.

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