NAS what will it do after correcting?
This is not a 'Bull trend' reversal but a three wave correction (ABC Elliot wave).
Daily Chart> Volume profile each day this week (can't show on published chart for reasons unknown!) on the real trading volume time (excluding algo) > Fixed volume profile composite is shown for the week on left > POC > Distribution zones marked
I no longer look at candles but real data on volume traded v price
We have left 2 naked POC's in the very violent correction (news based Fed notes yesterday re signs of pivot) which will need to re-balance for any further upside.. low volume today US on holiday. Pivot does not mean bullish... take caution all bulls. Let volume tell you the truth with TIME and patience.
Hope this helps
Daily Chart> Volume profile each day this week (can't show on published chart for reasons unknown!) on the real trading volume time (excluding algo) > Fixed volume profile composite is shown for the week on left > POC > Distribution zones marked
I no longer look at candles but real data on volume traded v price
We have left 2 naked POC's in the very violent correction (news based Fed notes yesterday re signs of pivot) which will need to re-balance for any further upside.. low volume today US on holiday. Pivot does not mean bullish... take caution all bulls. Let volume tell you the truth with TIME and patience.
Hope this helps
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