#FreeTip Highest weekly volume with highest weekly price range ——>
If it happens after a strong uptrend, it is sign of end of trend / consolidation/ reversal .
If it happens before an uptrend above 30 week ma, it is a sign of beginning of a trend.
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Today's move is an example of this tweet. Save this chart for future ref. https://t.co/amUhSLrET3
Today's move is an example of this tweet. Save this chart for future ref. https://t.co/amUhSLrET3
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— HMK alias MANOJ (@scorpiomanojFRM) June 23, 2021
A general rule to assess if a market is ranging is to look at developing TC and / or developing BC. If either of them is flat, it means market is currently ranging. If you are trading in 5 min, go to a lower tf chart, say, 2 min to have a less lagging assessment.