Started reading the A complete Guide to Volume Price Analysis
#book #VPA
Based on my understanding created below patterns
1. Price and volume raising
> Bullish: price closes above the previous candle and volume is greater than previous candle.
@PAVLeader
2. Price and volume falling
> Bullish: price closes below the previous candle and volume is less than previous candle.
3. Price falling and volume raising
> Bearish: price closes below the previous candle and volume is greater than previous candle.
4. Price raising and volume falling
> Bearish: price closes above the previous candle but volume is less than previous candle.
- For intraday, look for daily pattern.
- For short term, look for weekly pattern
- For long term, look for monthly pattern
Dear friends,
Very good strategy/pattern from "A complete Guide to Volume Price Analysis"
1. Bullish U turn price reversal
Higher high and Higher low than candles on either side. Possible short term reversal in the price.
2. Bearish U turn price reversal
Lower high and Lower low than candles on either side. Possible short term reversal in the price.
Will be added these patterns to the system today.
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