Low-volume areas develop when participants have directional conviction. Short term strategy is to fade those areas (short resistance, long support). When you trade into an area of low volume, then sentiment (directional conviction) has changed. Once prices penetrate this area, movement is swift.
I am anticipating subsequent tests to follow through and get us to the other end of the low-volume area.
I am anticipating subsequent tests to follow through and get us to the other end of the low-volume area.
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
