Price has memory:
Price at explosive volume tends to act as support/ resistance level. The close today revisited the significant close of March 01 (a big gap up with explosive volume). If the level fails to act as support, we know right away to step aside and close the trade. This is a high risk-reward ratio.
Price at explosive volume tends to act as support/ resistance level. The close today revisited the significant close of March 01 (a big gap up with explosive volume). If the level fails to act as support, we know right away to step aside and close the trade. This is a high risk-reward ratio.
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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.