Recently, I came across a pretty interesting topic about the understanding of unlimited upward movement.

Many people don't really have a deep understanding of trading volume, so today I want to talk about this.

The essence of trading volume is actually very simple: it’s the disagreement between the bulls and bears.
Buyers believe the price will go up in the future, sellers believe it will go down.
Because opinions differ, transactions happen.
If everyone had the same view, no one would trade.
It's like Zhou Yu fighting Huang Gai—one is willing to strike, the other is willing to take the hit.
When bulls and bears have a disagreement at a certain price level, that creates trading volume.

A key detail— the size of the trading volume depends on the weaker side between bulls and bears.
For example, at a certain price level, there are 2,000 buy orders wanting to buy, but only 1,000 sell orders willing to sell.
The final trading volume reflects 1,000.
This is easy to understand, right?

So, what does unlimited upward movement actually represent?
It indicates that the disagreement between bulls and bears is very small, and the holders simply don't want to sell.
Bulls are completely in control.
In this situation, the likelihood of continuing to rise in the future is usually high because no one wants to dump.
Conversely, if during an upward move, suddenly the volume increases, it shows more and more holders are starting to sell.
The disagreement between bulls and bears becomes intense.
This is a warning sign—it might just be the last gasp of strength.

There's also a deeper logic—it's important to distinguish who is disagreeing with whom.
The key is to look at where the disagreement occurs.
Volume during the initial decline is usually a bad sign because at that point, most sellers are retail investors.
But if a downtrend has already formed, and suddenly disagreement and volume appear, it might actually be a good sign, indicating that some forces are positioning against the trend.

There's a classic saying in the stock market:
When the market is declining, extremely low volume is like hell;
When the market is rising, extremely low volume is like heaven;
During market fluctuations, shrinking volume followed by increasing volume is a good sign.
Unlimited upward movement also follows this logic—when the upward trend maintains moderate volume, it indicates that bulls and bears have reached some consensus, and holders are psychologically stable.

Trading volume reflects human nature.
When analyzing the market, instead of just staring at the candlestick charts, it's better to pay attention to what the volume is telling you.
The points where institutional investors and retail investors have differing opinions are often the turning points.