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ASX: NCM buying volume increasing on low, Oct 12 2012

ASX: NCM buying volume increasing on low, Oct 12 2012

ASX: NCM buying volume increasing on low

Having the volume on the price makes for an interesting read.
 
Analysis: A correction is normally on low volume and the sideways price action between 10.50 and 11.00 is a correction in a down trend great for CFD trading, however its not on low volume as corrections are, so it has to be buying volume, we can also see this in the normal volume bars. When the price has moved above the large volume spikes in from the side of the page then you know that that volume and price has become the support for long trades.

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ASX Stocks, Elliott Wave, TradingLevels, Trading SIgnals

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