Also, the volume seems to dry up on the upbars.
To me, this is a sure indication that the smart money is watching the herd buy that hammer and then will get ready to dump the longs. If the volume is low and the spread of the bar is more than the last bar, then I would say its a "pump and dump situation"
Looks like its having another go at that support line.
Lets see as always
Dazzer
To me, this is a sure indication that the smart money is watching the herd buy that hammer and then will get ready to dump the longs. If the volume is low and the spread of the bar is more than the last bar, then I would say its a "pump and dump situation"
Looks like its having another go at that support line.
Lets see as always
Dazzer