EliteTrader101

FDO and how to trade it using high volume zones

Long
NYSE:FDO   None
fdo
Draw zones around volume spikes and see how price reacts at the extremes of the zones. To have captured this big move with a high degree of certainty, I would have bought around $58.50 after prices refused to fall after a W was forming. Prices will probably trade sideways for awhile while traders take profit on the highs and rebuy on the lows of that high volume spike zone.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.