Why Holding Current Support is Important for QQQ
This is a volume profile drawn across the span from bottom in March to peak on September 2nd. It shows why the current support area needs to be held. If we break through that support area, there will be another step down without volume to hold the price up.
History is important to learn. Go back to previous corrections and use the Fixed Volume Profile tool to draw from bottom to top of an uptrend before a correction. You can find these patterns supported by volume in many places.
The opposite is true too, you can find resistance gaps that can be a good buy signal in an uptrend as well. Apply the same technique to equities.
History is important to learn. Go back to previous corrections and use the Fixed Volume Profile tool to draw from bottom to top of an uptrend before a correction. You can find these patterns supported by volume in many places.
The opposite is true too, you can find resistance gaps that can be a good buy signal in an uptrend as well. Apply the same technique to equities.
