Introduction:
Volume adds an additional layer of context to the candle ranges. It helps validate the strength or weakness of a move, ensuring the observed price action is backed by market participation.
What Can Be Learned:
- How high volume with large candle ranges confirms strong trends or decisive moves.
- How low volume with large ranges may signal potential traps or false breakouts.
- How to use volume in conjunction with candle ranges to filter high-probability setups.
Outcome:
You will refine your ability to differentiate between valid market moves and potential traps, reducing the likelihood of false signals in trading.