When we previously came down to $1.91 (61.8% fib) on the 27th June the daily volume was 7.29mil.
That week, volume was 37.1mil for the week ending 29th June, this week up until yesterday was 18.8mil, with two more days to come.
In both timeframes lower volume than in June would potentially be positive, Higher volume as it comes off again would be potentially negative, IMO.
Time will tell.....
cheers
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