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There is a chance that price could make a move back up and take out sell orders. however CVD must show high volume of buyers. if price continues lower and CVD continues lower as well, we must be patient for the exhaustion of sellers for buyers can come in
There is a chance that price could make a move back up and take out sell orders. however CVD must show high volume of buyers. if price continues lower and CVD continues lower as well, we must be patient for the exhaustion of sellers for buyers can come in
Trade active
Sellers are becoming exhausted, and we're waiting for buyers to come in. This marks the consolidation stage, where the price is gathering orders. This buildup could extend until 4am-6 AM CST. Right now, no need to fret if you sat out the sell-off, just hold steady, "deciding to take no trade is a trade"
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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.