-Can you please explain what your orange lines mean?
-How much weakness do you see in the diminishing volume of the last run?
- I find interesting the 3130-3120 area to buy.
RHTrading
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@blondengineer, Orange Lines represent the Expected Move for the next 5 days, as depicted by positioning in the options market. It also represents one standard deviation of that move, aka 66% of weeks should see price remain within the orange lines.
Volume: I've resisted coming to this conclusion for a long while, but ultimately don't think volume is of much practical use when trading. I haven't used it for a while now. Some people get value by monitoring it, and good for them, but I haven't been able to make it work out.
Careful buying the next dip.
blondengineer
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@RHTrading, what an amazing accuracy again. Congratulations, and I got the purchase with good average too without getting stopped :) So thanks and congrats.
-How much weakness do you see in the diminishing volume of the last run?
- I find interesting the 3130-3120 area to buy.