The price move occurred on volume that was up 18.58% from the day prior, but down 46.34% from the same day the week before.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
The change in price came along side change in volume that was down 30.72% from previous day, but up 125.83% from the thursday of last week.
This move happened on lower volume, as yesterday’s volume was down 6.04% from the day before — and down 7.8% from the same day the week before.
This move is a reversal from the hour prior, which saw price move down.
It is very choppy, and we like to trade extremes with clear defined risk.
The change in price came along side change in volume that was up 0.82% from previous day, but down 23.31% from the tuesday of last week.
$iyr recently hit the extreme area where buyers have entered for a bounce.
However, if you buy and hold you will be fine.
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.