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Volume Climax
Volume Helps Identify Reversals
Various price patterns can alert us to potential reversal candidates.
Trendline Breaks, Support and Resistance Levels, Fibonacci Retracement Levels
and other price information are valuable in determining a change in direction
for a security. However, one of the most overlooked chart patterns that help
us determine reversals is not reflected in the price itself. Volume climaxes
are easily identifiable and valuable in assessing a change in market
sentiment.
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Happy Trading,
Nirvana Systems
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