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YEP volume is the smart way but it differs from trader to trader. Some of my fellow WW practitioners use other momentum indicators, some use order flow and other volume indicators.............but I use just volume. I have been practicing WW for a while now , my biggest challenge then and now is VOLUME.............RIGHT VOLUME identification...
Volume spike at point -5 and further decreasing volume is my criteria and right now i'm working on order flow....
Thought you had a formula that you liked, e.g. 2x moving average or something. I have a basic scan, but depending on day it can still generate 50-60 hits, so thinking maybe add some type of volume spike filter after reading this. Will play around with it, thanks.
Sorry,
I don't use any other formula or indicator. I just do a manual visual confirmation and verify other setup rules on which i work on and if i'm ok with the opportunity then I proceed.
Fibonacci support levels between 84.5-87 are crucial to watch. I will be entering into the trade only after the break of these levels......for the targets of 76-70...............
