For some time now, I’m experimenting with volume to improve the entry signals of the Price Action Indicators.
Decreasing or less volume, when approaching an old support or resistance shows a lack of interest from professional money to participate at these areas and prices are more likely to reverse.
The most crucial prerequisite for a Wedge reversal is a clear trend channel line overshoot and in particular a second overshoot.
Other strengtheners / requirements are: Continue reading “Trade the 1st Pullback after a Wedge – the W1P!”
“Barb Wire” is a special kind of a tight trading range, where the price action is confined to a narrow range made up of small bars, many of which are dojis (large tails and small bodies). Continue reading “What to do with “Barb Wire”?”