Price volume analysis 1) Strong upmove on high volumes 2) low volumes during pullback 3) strong selling was evident in this region, with wide range candles and higher volumes 4) again wide range bearish candles, but volumes were slightly lower 5) further reduction in selling pressure evident by reduced volumes on downside 6) range and volume of red candles have become very low compared to previous down move 7) first signs of strong buying, high volumes, wide range bullish candles 8) low volume consolidation, and high volume breakout once again