EliteTrader101
Long

FDO and how to trade it using high volume zones

fdo
28 0 0
fdo
Draw zones around volume spikes and see how price reacts at the extremes of the zones. To have captured this big move with a high degree of certainty, I would have bought around $58.50 after prices refused to fall after a W was forming. Prices will probably trade sideways for awhile while traders take profit on the highs and rebuy on the lows of that high volume spike zone.
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