Strong Bearish Signal:
The price is trading in the middle of the local consolidation, where the large volume is concentrated. It means that the smart money is gaining its positions inside this area.
Volume Zones:
We need to point out the boundaries of the local range. They are the support 16.99 - 17.08 and the resistance 18.03 - 18.10.
Sentiment:
This indicator shows that 54% retails traders are in long positions, which shows that we may give preference to short positions (trading against the "crowd").
https://b.radikal.ru/b43/2006/c9/bdca060caec7.png
Consider Short Positions:
Given all these factors, we may reckon new positions only after the confident and keen exit of the price. The breakout movement must be supported by the large volume, which will be a more accurate signal for entering the market.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price is trading in the middle of the local consolidation, where the large volume is concentrated. It means that the smart money is gaining its positions inside this area.
Volume Zones:
We need to point out the boundaries of the local range. They are the support 16.99 - 17.08 and the resistance 18.03 - 18.10.
Sentiment:
This indicator shows that 54% retails traders are in long positions, which shows that we may give preference to short positions (trading against the "crowd").
https://b.radikal.ru/b43/2006/c9/bdca060caec7.png
Consider Short Positions:
Given all these factors, we may reckon new positions only after the confident and keen exit of the price. The breakout movement must be supported by the large volume, which will be a more accurate signal for entering the market.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.