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Veteran Advisor
c-x-1
Posts: 3,263
Registered: ‎06-26-2012
0

Iron Cross?

with heavy volume intraday on the lows in Corn.

 

 

Hmmmmmmmm

 

Senior Contributor
rawhide
Posts: 1,350
Registered: ‎01-30-2011
0

Re: Iron Cross?

what does that mean?

Veteran Advisor
c-x-1
Posts: 3,263
Registered: ‎06-26-2012
0

Re: Iron Cross?

[ Edited ]

rawhide,

it is like candlestick speak - large range day (outside previous 4) -- kinda means the Indians are wakin' up, so to speak.

 

...the volatility shows the battle is heating up between buyers and sellers - most of the volume was near the low early in session...

 

--peak volume usually is capitulation on any timeframe- when it occurs on/near low/high -- -today, it was intraday and largest or most compared to last 5 days since gap -- it is significant...we will see tomorrow/next week if they can close up gap to reverse trend -- would confirm exhaustion gap.

 

hope this helps.