First of all let us understand what are Volumes.
Volume is simply the number of lots traded during a specified time frame (e.g., hour, day, week, month, etc). The analysis of volume is a basic yet very important element of technical analysis. Volume provides clues as to the intensity of a given price move.
????* INTERPRETATION* ????
There are many ways to interpret changes in volume trends.
One common belief is that rising prices coupled with increased volume, and falling prices coupled with decreased volume, is bullish.
* *Conversely, if volume increases when prices fall and volume decreases when prices rise, the market is showing signs of underlying weakness.
—The theory behind this is straight forward. Rising prices coupled with increased volume signifies increased upside participation (more buyers) that should lead to a continued move. Conversely, falling prices coupled with increased volume (more sellers) signifies decreased upside participation
⭕ **PRICE UP + HEAVY VOLUME = UPTREND IS SUSTAINABLE
⭕ PRICE UP + LIGHT VOLUME = UPTREND COULD…