Lesson 2 of 7
In Progress

Trend Confirmation

Price always moves in waves. Impulsive wave is followed by retracement. 

If you are looking for continuation – impulsive wave should be supported by a lot of volume, and retracement by decrease in volume. This shows there is not enough demand in reversing the trend. 

If price is still in retracement phase, but volume starts to increase, this might be early indication of trend reversal. 


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