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A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
book

A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits

by Michael C. Thomsett
July 2015
Intermediate to advanced content levelIntermediate to advanced
352 pages
9h 40m
English
Pearson
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits

Trends with Volume-Marked Breakouts

Volume often marks changes in the trend other than reversal or continuation. There are times when unusual price patterns and volume spikes together should draw your attention by revealing that something in the trend has changed.

For example, the chart in Figure 9.2 shows specific instances of price peaks.

Image

Figure 9.2 High volume at price peaks (Chart courtesy of StockCharts.com)

Large volume spikes appear, which signals some type of change in the current trend. It is easy to assume that it always marks reversal, and once price gaps down and backs into the previous range with another volume spike, the assumption ...

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Publisher Resources

ISBN: 9780134190662Purchase book