Day trading seems easy at first, right? But soon you realize that you won’t get too far just looking at the price chart alone. You also have to keep the volume dynamics in mind.
Let’s say we have a stock that’s topped out. It’s at $1.80 and it’s creeping up to $2. It’s obviously going to break the $2 mark, but you need confirmation before you enter the trade. That’s where the volume chart comes in, that’s your indicator.