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This chart of $IDCC is a good example of what you don’t want to see. You don’t want to see ensuing pullbacks putting in the same level of sell-off volume as prior drops. That tells you the selling is not indicating it has “softened up” yet. A bottom typically is in, when it has had the max sell-side sentiment (volume) compared to newer sell-side volume. submitted by /u/EvanEvans333 to r/ChartTrader |
