Low-volume areas develop when participants have directional conviction. Short term strategy is to fade those areas (short resistance, long support). When you trade into an area of low volume, then sentiment (directional conviction) has changed. Once prices penetrate this area, movement is swift.
I am anticipating subsequent tests to follow through and get us to the other end of the low-volume area.
I am anticipating subsequent tests to follow through and get us to the other end of the low-volume area.
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This page is where we look to share knowledge and keep track of trades. Feel free to comment if you have questions, concerns, or suggestions. Everyone can improve, so speak up if you see something wrong!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.