Stronger hands deal huge quantities & when they want to square-off n book profits they do it in a price range & as the price moves down on selling they also need to raise the price by buying. This overall activity takes around 3 months of time and higher volumes are seen during the Left Shoulder formation. Head is formed as they take the price higher & trap a few Bulls and at higher price they again start selling. Right shoulder are not associated with higher volumes as Stronger hands have already moved out by then.
