{"id":8985,"date":"2013-04-15T09:35:14","date_gmt":"2013-04-15T09:35:14","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=8985"},"modified":"2024-04-12T14:14:33","modified_gmt":"2024-04-12T08:44:33","slug":"volume-and-chart-patterns","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/volume-and-chart-patterns\/","title":{"rendered":"Volume and Chart Patterns"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\"><strong>Volume and Chart Patterns<\/strong><\/h4>\n\n\n<p>\u00a0<\/p>\n<p style=\"text-align: justify;\">Volume helps to confirm chart patterns. These patterns may be head and shoulders, triangles, flags and other price patterns. In case volume is not there to confirm the movements of a chart pattern, then the quality of the signal formed by the pattern is weakened.<\/p>\n<ul>\n<li><span style=\"text-decoration: underline;\"><em style=\"line-height: 1.714285714; font-size: 1rem;\"><strong>Volume Precedes Price<\/strong><\/em><\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">It has been observed by technical analysts that prices precedes volume. Volume is primarily used by technicians and chartists to confirm upcoming trend reversals. For instance, if volume is starting to decrease in an uptrend, it is usually a sign that the upward run is about to end.<\/p>\n<ul>\n<li><span style=\"text-decoration: underline;\"><em style=\"line-height: 1.714285714; font-size: 1rem;\"><strong>Breakouts and Volume<\/strong><\/em><\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">In order to enter into a position traders often look for breaks of support and resistance. The two key components to confirm a breakout are price and volume. When stocks break critical levels without volume, the breakout may not follow through. Following is a figure showing\u00a0Volume Breakout.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/vskills.in\/certification\/tutorial\/accounting-banking-finance\/technical-analyst\/volume-and-chart-patterns\/attachment\/volume-breakout\/\" rel=\"attachment wp-att-8986\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8986 aligncenter\" src=\"http:\/\/vskills.in\/certification\/tutorial\/wp-content\/uploads\/2013\/04\/Volume-Breakout.png\" alt=\"Volume Breakout\" width=\"203\" height=\"227\" \/><\/a><\/p>\n<div class=\"apply\">\n<h3>Apply for Technical Analysis Certification Now!!<\/h3>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/Certified-Technical-Analyst\">http:\/\/www.vskills.in\/certification\/Certified-Technical-Analyst<\/a><\/p>\n<\/div>\n\n\n<p><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/technical-analyst\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Go back to Tutorial<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Volume and Chart Patterns \u00a0 Volume helps to confirm chart patterns. These patterns may be head and shoulders, triangles, flags and other price patterns. In case volume is not there to confirm the movements of a chart pattern, then the quality of the signal formed by the pattern is weakened. Volume Precedes Price It has&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[1918],"tags":[],"class_list":["post-8985","page","type-page","status-publish","hentry","category-technical-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Volume and Chart Patterns - Tutorial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/volume-and-chart-patterns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Volume and Chart Patterns - Tutorial\" \/>\n<meta property=\"og:description\" content=\"Volume and Chart Patterns \u00a0 Volume helps to confirm chart patterns. 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