Volume, the unsung hero of trading, silently guides the ebbs and flows of the market, yet many newcomers overlook its significance. 📊 But fear not, for I've traversed the rocky terrain of trading and unearthed the hidden gem that is volume – and now, I'm here to share its secrets with you.

Imagine the price of an asset as a sleek, gleaming bike 🚲, gliding effortlessly along the trading path. Now, envision volume as the fuel that powers this magnificent machine. Just as a bike needs fuel to conquer the road, a healthy volume propels the price steadily forward, unimpeded by obstacles.

But beware the treacherous traffic! 🚦 When volume dwindles, it's like navigating a congested highway – starts, stops, ups, downs, with every tiny price fluctuation. Just as a bike struggles amidst a sea of cars, so too does the price falter without ample volume to guide its course.

And what of a bike running on fumes? 🛢️ It may lurch forward briefly, but soon grinds to a halt, unable to sustain its momentum. Similarly, without sufficient volume, the price faces a major correction, leaving traders exhausted and disheartened.

So, my fellow traders, let us pay homage to the mighty volume indicator, the silent force shaping our trading destiny. 🌟 Let us embrace its power, wield it wisely, and chart a course to trading success! 💪 #TradingWisdom #VolumeMatters 📈🔍

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Still Needs Refinement... Share Your Thoughts!

Just sharing an update with you all about a little project I've been working on.

I've created a simple script to identify reversals. It doesn't work 100% of the time yet, but it's already quite good.

What technical elements would you include to identify any possible reversals, based on candles and volume?

$BNB

#BNBAnalysis #TechnicalAnalys #VolumeTrade #VolumeMatters #candlesticks

⬆️HIGH VOLUME TEST + ANOMALY

$BNB

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The rebound seems to be confirmed.

Insiders tested supply, but the high volume might indicate a rebound - if you have a look at my last post, it should be part of a corrective wave.

Moreover, the following candle should be observed under the Effort vs. Result Law - the decreasing volume should produce a candle with a narrower body, but in this case we have an anomaly.

Your thoughts?

#bnb #BNBAnalysis #TechnicalAnalys #ElliottWaveTheory #VolumeMatters