The Steamroller Secret: Why Chasing Small Gains Could Cost YouSimply put, the current market seems to be reaching its limits and it's wise to be cautious. As the saying goes, "Never pick up nickels in front of a steamroller," we shouldn't take unnecessary risks for small profits when there's a chance for significant losses.
The tools we use to analyze the market usually go through highs and lows. It appears that there might be one last upward move before the cycle heads back down.
When looking at the volume profile, we see we're entering risky territory since we're now two standard deviations away from the volume point of control. This implies that the market might be reaching a level that can't be sustained for long.
In short, the current market conditions seem pretty uncertain to the upside, and it's essential to consider these factors when deciding on trading actions.
#cycletheory #auctiontheory #PrimeIQLabs #volumeprofileanalysis
