Rocketman

Volume, Conviction, Wicks and Divergence

NYSE:PBI   Pitney Bowes Inc.
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A Wick Study on False Breaks & Continuation Breaks For Divergence Trading by myself, otherwise, known as ScienceEvolution, Genesis or The Pip Barbarian.

ScienceEvolution's Self Observation of Volume Divergence:

One sure way of knowing that price will keep going or go the opposite way is by observing the volume valleys, breakouts and peaks.

Rising volume interest with lower price-wick valley (convicted sellers & volume level are noted); and then, lower volume interest with a 2nd lower price-wick valley (non-convicted sellers) is real divergence better and quicker than any indicator to determine whether a breakout is false or a divergence.


Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
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