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I know of traders who trade market profile based patterns and use only volume to determine wuply and demand. But they're essentially looking for the same thing. Who enters the market when price reaches a previous point where supply or demand rests. |
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I would like to ask one question regarding support and resistance. If I was to analyze the markets and look for support and resistance levels, should I observe past events to predict the future?
From my understanding pivot points are not derived from past information?