Strong Bullish Signal:
The price demonstrated a huge growth supported by large institutional volume, which is a great bullish signal. Moreover, the large positive delta indicates that buyers were dominating the market.
Volume Zones:
The new volume level of support 63.80 was created during this upward movement.
Sentiment:
This indicator shows that 89% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://imagizer.imageshack.com/img924/160/ogMNzB.png
Consider Long Positions:
Given all these factors, we should consider exceptionally long positions. We may enter the market after a smooth downward correction, in order to get a more profitable entry point. A stop loss may be placed below the beginning of the surge.
Profit Potential:
More than 170 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price demonstrated a huge growth supported by large institutional volume, which is a great bullish signal. Moreover, the large positive delta indicates that buyers were dominating the market.
Volume Zones:
The new volume level of support 63.80 was created during this upward movement.
Sentiment:
This indicator shows that 89% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://imagizer.imageshack.com/img924/160/ogMNzB.png
Consider Long Positions:
Given all these factors, we should consider exceptionally long positions. We may enter the market after a smooth downward correction, in order to get a more profitable entry point. A stop loss may be placed below the beginning of the surge.
Profit Potential:
More than 170 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
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