Volume Basics | 21st June, 2017

The activity of buyers is required for price to rise sustainably. This is indicated by increasing volume on upwards days. The opposite isn’t necessarily true for a falling market. Price can fall due to an absence of buyers, just as it can with increasing...

First and A wave Analysis at the Daily Chart Level

The other alternate idea of a leading expanding diagonal published up to yesterday will be discarded based upon a very low probability. Click chart to enlarge. An analysis back to 1997 of the daily chart of first waves and A waves at minor degree* and above reveals 23...

On Balance Volume

On Balance Volume was originally developed by Joseph Granville in 1976. Today, it is considered the grandaddy of all volume indicators. Daily data is accumulated. If price closes higher, then volume for that day is added to the prior total. If price closes lower,...