Tilray is a Cannabis stock, but the importance of this post is the art of fading.
I have numerous posts on Volume profiles and how and why they are very effective, and have kinda made it a mission to show you how great they are!
Here I am showing you how to fade around value, notice the profile, notice how price is trading sideways in this range and building mass...
In this post I wanted to do a breakdown of how to combine two profiles, so we had this big fall away from the VRVP, we had declining sized bars, we had less orders in leymans terms, so we can use a fixed range profile of the fall away to get a better reading of the orders in detail in the fall, remember VRVP gives a big scope, fixed gives a narrow scope, so price...