Malaysia
2025-04-28 14:17
IndustryWhile Point and Figure charts don't display volume
While Point and Figure charts don't display volume directly, the number of reversals required to form a resistance level (the width of the X column) can offer an implied sense of trading activity. A wider column of Xs suggests more back-and-forth price action and thus, potentially, more trading volume occurring at that price level as buyers attempted to push higher and were met with selling pressure. This implied volume can add to the significance of the resistance; a resistance level formed with numerous reversals might suggest stronger conviction from sellers compared to a narrow column formed quickly. However, it's crucial to remember this is an indirect inference, and actual volume data from other sources can provide a more definitive picture of the trading activity at these levels.
#CurrencyPairPrediction
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While Point and Figure charts don't display volume
While Point and Figure charts don't display volume directly, the number of reversals required to form a resistance level (the width of the X column) can offer an implied sense of trading activity. A wider column of Xs suggests more back-and-forth price action and thus, potentially, more trading volume occurring at that price level as buyers attempted to push higher and were met with selling pressure. This implied volume can add to the significance of the resistance; a resistance level formed with numerous reversals might suggest stronger conviction from sellers compared to a narrow column formed quickly. However, it's crucial to remember this is an indirect inference, and actual volume data from other sources can provide a more definitive picture of the trading activity at these levels.
#CurrencyPairPrediction
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