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There are many technical indicators for traders to choose from. For Carter Worth, there is one that stands above all others: Vol.
“A lot of charters don’t look at volume. They say it’s all in price action. … But volume is the essential criteria,” Worth, founder of Worth Charting, who has been on the Street for more than three decades, told CNBC. Dominic Chu explains in this special Pro Talks discussion available to all readers. “If one wants to engage in pattern recognition and study price action in an attempt to make profits in the market then studying volume and price volume correlation is the most important thing one can do.”
,[Philosophers] Camus and Sartre would argue that existence precedes essence, and in markets, quantity precedes price,” he said.
(Pro subscribers can Watch the full interview here,
In this interview, Worth talks about:
- How did his career in finance begin?
- His approach to chart analysis
- Importance of a defined time frame for investors
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