I've heard of some rhymes, and I remember a few lines:
1. Consolidation with rising volume will continue to rise.
2. Consolidation with declining volume will continue to decline.
3. Low volume at a low level suggests a call.
4. High volume at a high level calls for caution in the market.
5. The simultaneous rise in volume and price at the bottom indicates that a trend has formed.
6. The top without volume and subsequent new highs will be created.
7. In case of price fall with increasing volume, it is advisable to hold and observe.
8. If the price falls with unchanged volume, it is advisable to leave promptly.
2. Consolidation with declining volume will continue to decline.
3. Low volume at a low level suggests a call.
4. High volume at a high level calls for caution in the market.
5. The simultaneous rise in volume and price at the bottom indicates that a trend has formed.
6. The top without volume and subsequent new highs will be created.
7. In case of price fall with increasing volume, it is advisable to hold and observe.
8. If the price falls with unchanged volume, it is advisable to leave promptly.
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