reading volume chapter in the book TECHM came to my mind -
1. 3 days of ranging action and failure to sustain above 1260.
2. Compared to other days, opening volume yesterday was less. When we consider breakout above 1260 also then volume was much lesser. Expected volume was atleast equal to if not more than other days opening session volume.
3. Then it stalled for about 30 minutes above 1270. Break below it then lead it to thursdays range.
As i don't use volume my plan for this week would be to watch volume and it's affect on higher timeframe.
1. 3 days of ranging action and failure to sustain above 1260.
2. Compared to other days, opening volume yesterday was less. When we consider breakout above 1260 also then volume was much lesser. Expected volume was atleast equal to if not more than other days opening session volume.
3. Then it stalled for about 30 minutes above 1270. Break below it then lead it to thursdays range.
As i don't use volume my plan for this week would be to watch volume and it's affect on higher timeframe.