logic behind this setup :
when the price returns to the volume accumulation area, strong buyers start to defend their positions aggressively also when those sellers start to buy to get rid of their selling positions, they drive the price upwards as well .
If we get confirmation of uptrend movement I'll get Long position.
when the price returns to the volume accumulation area, strong buyers start to defend their positions aggressively also when those sellers start to buy to get rid of their selling positions, they drive the price upwards as well .
If we get confirmation of uptrend movement I'll get Long position.
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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.