Waiting for signs of accumulation off of key support. Last high volume events are circles. Looks like stopping volume. If you think of the concept of effort versus result, this may be a good example to get an idea of what high volume abruptly stopped at support and the result of that look like. Quite a large markup with little in its path. The daily also looks bullish (low sell pressure).
But even with the bullishness in the daily background I will still wait for a better price then up here.I guess another way to say it is I don't think now is the right time for me. If you are in it already or have other investment objectives you may be calculating the entire background differently. If you are successful do what you are doing great! If you are having issues, you may benefit from WYckoff and VSA methodologies. In my opinion Price action with volume vastly helps your analysis.
The hardest part is waiting! But waiting usually leads to the better pay off in the end anyway.
But even with the bullishness in the daily background I will still wait for a better price then up here.I guess another way to say it is I don't think now is the right time for me. If you are in it already or have other investment objectives you may be calculating the entire background differently. If you are successful do what you are doing great! If you are having issues, you may benefit from WYckoff and VSA methodologies. In my opinion Price action with volume vastly helps your analysis.
The hardest part is waiting! But waiting usually leads to the better pay off in the end anyway.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.