Volume Confirmation
See Confirmed.
Sample Alerts
What is Trade-Ideas?
Volume Confirmation
Hamilton thought that volume should increase in the direction of the primary trend. In a primary bull market, volume should be heavier on advances than during corrections.
The Psychology
A big black candle that opens at its high and closes at the day's low is bearish regardless of the overall trend. Volume confirmation on the black day solidifies the patter as is a follow up weak day.
Statistics compiled by Bulkowski show that descending triangles are less likely to hit their target prices than ascending ones. According to Edwards and Magee, volume confirmation is more important for ascending triangles than descending ones.
are within reasonable proximity and other aspects of the technical analysis picture blend, it would embody the spirit of a triple top. The spirit is three attempts at resistance, followed by a breakdown below the support, with volume confirmation.
 See also: Confirmation, Volume, Stock, Trend, Support
  
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