DislikedHi Martin. Background. When you combine price action with volume certain patterns repeat every day. Look at the attached chart - simple pattern is present at the three tops - first and the second are pretty obvious - high volume bar with long upper vick. The third one, seems different but in reality isn't from the Volume Spread Analysis perspective - bar closes under 30% its length with large volume. Take virtually any chart with volume and you see that this pattern is almost always present at the top - or close to the end of a temporary trend....Ignored
It looks like a good idea,
exhaustion candles are powerful + high volume makes them more powerful and you're right those two candles(two way road pattern) is basically indicating the same thing.
I have a question, what is that upper line in separated window indicator? is it Volume Moving Average?
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