Now, we are seeing signs of exhaustion to the upside. On the 3-minute chart (left), the Klinger Volume indicator is starting to turn downward, and there is a bearish divergence of the same indicator (right) on the tick chart. Prices are also very close to their highs for the day, which is often a point of reversal on subsequent movements.Wednesday, April 9, 2008
Signs of Upside Exhaustion
Now, we are seeing signs of exhaustion to the upside. On the 3-minute chart (left), the Klinger Volume indicator is starting to turn downward, and there is a bearish divergence of the same indicator (right) on the tick chart. Prices are also very close to their highs for the day, which is often a point of reversal on subsequent movements.
