Some may be sick-and-fucking-tired of my incessant writing regarding my new found love of using Price by Volume as an indicator…but chess’s post earlier led me to check out how one could have viewed HLF from a PbV perspective.
First I will post an HLF chart from mid November, the second is present day. Pardon the excessive use of arrows, but I needed to emphasize my point. These are weekly charts.
Price does indeed have memory. Oh, and Price by Volume FTW.