Today on The Support Line we are going to walk through Price Action, what it means, and how to find a trend using nothing but the price action. Furthermore its going to help us keep our charts clean, and can help us remove some silly indicators which we may not need! Whoa!
Remember, if you click the share button towards the top right of this write-up you can choose "Make it Mine" and look at this chart in your own window, and you'll be able to edit it, and use the "camera" button to post it back here in the comments section... to ask questions, or ask for more advice. That is a great feature -- and I can't wait for one of you to use it! (Hint!)
Thanks for the great idea.
However, to keep things simple... I would say that we saw an extreme uptick in volume, that volume pushed the price upward, and we see bigger bars, and bigger extremes outside the bars because of it. Unfortunately that volume dried up just as fast as it came!
great eye though, and thanks for bringing a chart and asking such a great question! Good work!
Also...just playing around with trading views settings...to get a scale on the volume you need to "unmerge" the volume indicator down or up. (By clicking the white down arrow next to the indicator name "Vol 14").