Can it be determined if the volume is sellers or buyers? It is subjective right, based on assumption that the price is going up, volume is high so that must be the professionals selling on rising price?
Dislikedbye bye 1.6 ... 1.5 and maybe even 1.4
look at this volume cluster right under the 38 % retrace of the down move 38% ONLY !!!! .. not 50 not 61,8 ... 38 % .. the bearish down trend is about to continue . May take another 2-4 weeks to play out but it is on us.
This volume cluster of sellers was higher than before drop from 2.1000. What do the pros know that we do not ?
AttachmentIgnored
Its all in the mind.