1. Vol of price shows value. .usually propionate also to time spent
2. Vol vertical bar show conviction. . Impt for confirmation of trend change. . From Consolidation to new trend or end of trend to Consolidation
3. High vol on vertical bar shows strong market direction and often signify big market players play. .
4. If there is low vol and big price increase. . The odds of new trend is much lower..
Danger : if a significant support or resistance is broken with low vol.. then the odds of a fake breakout is higher!
5. But.. also if there is a large vol at end after an extended price rally. . That could be a climax vol and trend may change drastically! (See pic)
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