I wonder how to weighh volume vs candle stick patterns like engulfings? Are they still strong on avg/low volume? I would say so (thinking about it spontaneously) because in the end of the day no one stepped in to stop the candle creating that engulfing pattern … while I would apply the same logic to pinbars, just that there are enough people that stepped in to create a rejection, while at the same time others did not to create another style bar, thus no volume needed to determine wether the candle is of importance or not …
So, how do I weigh volume against candle stick patterns?
Any input appreciated.