Conclusion: Low Volume during a Pullback signals consolidation, it doesn't signal a continuation of the trend, only Level2 and Volume can do that.
Remember, low volume during a pullback only means a Trend Reversal is unlikely. This time, low volume on the pullback yielded consolidation.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-14 10:05:20 | EBON | buy | $6.960 | long |
2020-07-14 10:05:20 | EBON | buy | $6.960 | long |
2020-07-14 10:07:46 | EBON | sell | $6.880 | 0 |
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