XRF Heading lower
Using Volume Profile analysis to show where the XRF price can be heading after such a great run in April.
During consolidation period followed by a move higher, the price pulled back toward the previous Point of Control (POS) before the position was defended and price bounced off before moving higher.
Prior to the big move up on 14-Apr, the POC was clearly building around the 1 - 1.03 level. If it falls below the 1.15 level which happens to be the 0.618 Fib level as well, it will most likely fall back to around the 1.00 level as there is a low volume profile region below 1.15.
My expectation is that this position around 1.00 will be defended as the fundamentals for the company remains strong. This could also be a good entry point for those who missed the initial run up.
During consolidation period followed by a move higher, the price pulled back toward the previous Point of Control (POS) before the position was defended and price bounced off before moving higher.
Prior to the big move up on 14-Apr, the POC was clearly building around the 1 - 1.03 level. If it falls below the 1.15 level which happens to be the 0.618 Fib level as well, it will most likely fall back to around the 1.00 level as there is a low volume profile region below 1.15.
My expectation is that this position around 1.00 will be defended as the fundamentals for the company remains strong. This could also be a good entry point for those who missed the initial run up.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。