As i wrote before 90% of traders on the stock market exchange will lose 90% of their capital in less then a year !
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
It’s been a feast for bulls operating on an hourly timeframe, as amzn has now gone up 9 of the past 10 hours.
As for how volume fared, yesterday’s volume was up 68.47% from the previous day (sunday), and up 12.95% from monday of the week before.
This move happened on lower volume, as yesterday’s volume was down 11.85% from the day before — and down 28.34% from the same day the week before.
Will the stock move up or down after, who knows.
This move happened on lower volume, as yesterday’s volume was down 3.47% from the day before — and down 47.32% from the same day the week before.
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
The change in price came along side change in volume that was down 22.01% from previous day, but up 60.67% from the monday of last week.
The price move occurred on stronger volume; specifically, yesterday’s volume was up 17.1% from the day prior, and up 41.57% from the same day the week before.