CCC continental coal limited

should bounce from here., page-22

  1. 1,932 Posts.
    Pretty sure today's action is a an up-bar finishing at the top on lower volume then previous 2 days, this is usually seen as a no demand bar.

    No sign of a significant reversal yet. What would look great is a narrow bar, very high volume during sideways or downtrend. This usually shows a major change of hands has taken place and signals a change in trend is likely to happen soon, watch for test bars after seeing these. No demand bars can be a sign of weakness during these events. Without any real meaning in the background tests and no demand bars have a low significance.

 
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