Here's another query, the chart below shows high volumes accompanied with bullish and bearish movements.There are three support lines drawn.The first support line (Blue line) is broken and then confirmed by a big volume and sharp bearish movement.After that it breaks two other support lines.But in the last support line, even if the prices broke below it, there's no sign of sharp bearish movement (as before with the first support line) with the corresponding volume that it has attained.
So my question is, whatever I have mentioned above, is it correct or not?