We have a beautiful P-Shape volume profile formed at the top and we broke and closed above it.
The P-shape volume profile is bullish profile that is formed when large volumes are transacted at the highs meaning participants a willing to pay premium price . You can see the POC so close to the top of the VAH
I checked the CVD of the volume on a footprint chart and i see the volume has -ve Delta , which means alot of aggressive sellers transacted there trying to push the price down. Now that they are being squeezed slowly and start closing out their positions, it should fuel the uptrend. i entered the trade soon as we broke and closed above the value area.
Food for thought.. Who was willing to pay the high price to buy from the aggressive sellers?
DEFINITIONS
POC- point of control
VAH- Value area high
CVD- Cumulative Volume Delta
Target is the ExoFade area..Lets see how this trade goes
The P-shape volume profile is bullish profile that is formed when large volumes are transacted at the highs meaning participants a willing to pay premium price . You can see the POC so close to the top of the VAH
I checked the CVD of the volume on a footprint chart and i see the volume has -ve Delta , which means alot of aggressive sellers transacted there trying to push the price down. Now that they are being squeezed slowly and start closing out their positions, it should fuel the uptrend. i entered the trade soon as we broke and closed above the value area.
Food for thought.. Who was willing to pay the high price to buy from the aggressive sellers?
DEFINITIONS
POC- point of control
VAH- Value area high
CVD- Cumulative Volume Delta
Target is the ExoFade area..Lets see how this trade goes
One TP a day, Keeps The Bills Away !!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
One TP a day, Keeps The Bills Away !!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.