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One simple observation that really changed my approach in analyzing volume was waiting for the next price and volume bar to confirm the previous bar.
In other words, if I planned to go long at a pivot on a sell bar... the chances of the long working out would increase alot more after I observe the second bar after it. I used to not pay attention to it as much and rely more on tape. But after watching for tests/tests of supply, I am able to view price action alot more clearer. Very powerful technique in my opinion. |
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This is one of the
VSA patterns that I hope to learn. I have no idea how many patterns there are, but I suspect they are all variations on a few themes or concepts. My
VSA knowledge is limited to the posts in this thread and the "Balance Area" thread.
Perhaps the study I did is not even
VSA. I really don't know, but hope to soon :-)