Nice summary. I do want to add some of my own opinion. I think volume and price (relative to the stock) are the two most important things when it comes to reading charts because most technical indicators are based on one or both of them. Thus when confirming a trend to see if a stock is bearish or bullish, I always look at the volume. In the case of decreasing price and decreasing volume, I will compare the relative largest green and red bars to see whether there are more people selling or holding the stock.
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If you know where to look at ... and are able to interpret those indicators at the right way, it's one of the best things to do I think.
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