There was a volume accumulation area from which strong selling activity started. For that reason I think that the volumes accumulated in this area were volumes of strong sellers. Now I am waiting for pullback to this area. When the price returns I will enter my short trade. Reason? Those strong sellers will most likely defend their positions (that you can see on the Volume Profile chart) and push the price aggressively lower again.
I will be talking about Volume Profile setups in my today's FREE Volume Profile Webinar (04:15 PM US/Eastern ). You can register here: ninjatraderecosystem...with-volume-profile/
I will be talking about Volume Profile setups in my today's FREE Volume Profile Webinar (04:15 PM US/Eastern ). You can register here: ninjatraderecosystem...with-volume-profile/
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