Price Is King. Volume Is Queen.
“Volume reveals activity. Volume reveals the truth behind the price action. Volume validates price.”
-Anna Coulling, A Complete Guide to Volume Price Analysis
This is exactly what we want to see with price and volume.
First, SLS makes a powerful move higher on big volume.
Then, on the pullback, volume dries up.
That’s important.
It shows selling pressure is not overwhelming demand.
Then volume comes back in as price starts moving higher again.
That is price and volume working together.
Price is king.
Volume is queen.
And when they are working in harmony, traders need to pay attention.
This is a great example of Volume Price Analysis.
