We are currently seeing a phase of accumulation just above a major pivot level. Price has been consolidating within a tight range, suggesting that market participants are building positions.
The Volume Profile shows significant activity around this zone, confirming that a lot of volume has been exchanged here.
However, it’s important to note the liquidity gap just below the current range. If price breaks to the downside, there is very little volume supporting the order book in that region, which could lead to a very fast and sharp move lower. (Anchored volume profile of the last up trend)
The Volume Profile shows significant activity around this zone, confirming that a lot of volume has been exchanged here.
However, it’s important to note the liquidity gap just below the current range. If price breaks to the downside, there is very little volume supporting the order book in that region, which could lead to a very fast and sharp move lower. (Anchored volume profile of the last up trend)
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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.