US 30 ?Fake Breakout: Volume not Confirming
已更新
Today's 400pt lift in Dow was unconfirmed by volume which declined as price rose. VOLUME DIVERGENCE violates basic Dow Theory:
The session volume in each day's trading reveals nearly all the session volume was traded before the thin air lift at the end of day.
A move against trend must be confirmed by increasing volume to be a true trend change, else it is merely a countertrend movement.
Expect this rally to fail and return to consolidate around price rotation area. Failure will likely lead to capitulation & panic-selling break down.
I could be wrong, but I'm buying a single put Wednesday to test my theory!
This is not investment advice, trade at your own risk and good luck!
The session volume in each day's trading reveals nearly all the session volume was traded before the thin air lift at the end of day.
A move against trend must be confirmed by increasing volume to be a true trend change, else it is merely a countertrend movement.
Expect this rally to fail and return to consolidate around price rotation area. Failure will likely lead to capitulation & panic-selling break down.
I could be wrong, but I'm buying a single put Wednesday to test my theory!
This is not investment advice, trade at your own risk and good luck!
交易开始
Another big lift on thin volume today with MACD divergence. A bull trap!?订单已取消
It's really breaking out!
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。