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Closing price indicators
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Closing
price near or at high volume area; using value area for support or
resistance.
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Closing
price near or at low volume area; lack of conviction.
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High
volume distribution above and below closing price; use for support and/or
resistance areas.
Daily, Weekly and Monthly High/Low price indicators
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Day's
trading range has a higher high; momentum bullish.
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Day's
trading range has a lower low; bearish momentum.
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Day's
trading range has a higher high and lower low; reversal day.
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High
volume near high and/or low; establishing value area for momentum.
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Low
volume near high and/or low; establishing rejection area.
Support / Resistance indicators
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Day's
trading range uses the previous day, weekly and/or monthly high volume area
for support or resistance; continuing its trend.
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Day's
trading range uses the previous day, weekly and/or monthly low volume are for
support or resistance; establishing new value area.
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Use
the high volume distribution near pivot points, support and resistance market
numbers for confirmation.
Historical price volume data for Real Time
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Compare
historical price volume data to Real Time volume data to confirm reentry of
traders in support and/or resistance area.
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Compare
historical price volume data to Real Time price action to confirm market
trend.
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