AMEX:SPY   SPDR S&P 500 ETF TRUST
Again... Market microstructure typically shows that low volume nodes on Volume profile and past low liquidity when revisited with "relatively" low volume creates support and resistance areas as you are seeing a lack of participation from one side, high volume in these areas mean aggressive sellers/buyers are still willing to cross the bid/ask spread to break into a new liquidity area (reevaluating the asset) in finding a new Point of Control, Watching the volume/candle "volume spread analysis" or how volume is affecting the price, cause and effect in these key areas when they eventually hit... PoC's are market fair value, the low volume nodes above and below the last accepted PoC are seen as expensive and cheap until the market wants to re evaluate and search for new liquidity or a new PoC. if i'm going to buy a car and re sell, this is not an area I want to take my chances to buy and make a profit. Not financial advice, but my study of market microstructure, how the balance of liquidity works has proven to me how markets react in these areas.

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