Disregard the last bar as it is not a complete day, the candles make no difference your only wanting to know if its a down bar or an up bar and what it closed at which is clear.
I think you may have a strong bias towards the downside for some reason, take another look and read what is there not what you already think will happen.
"1. Increasing price on lessening volume, thats bad right or heading for no demand.
Thats what i think it is."
The lessening volume your looking at is coming after a high volume down day, of course the volume is going to be lower but its still high volume. Which shows buying.
You cannot ignore the 2 high volume down days followed by an even higher volume exhaustion bar showing price action hitting a low and finishing on the high. This is clearly a sign of buying.
You now need to wait for a retest of these lows and then interpret the data from there, looking for small range low volume bars to the downside that will confirm there is not much supply left.
Please remember we are in a very strong uptrend, which has not shown signs of changing. There is no ultra high volume up days which may indicate a change in direction. So stick with the trend.
You can see it has tested the trend line on this chart.
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