21.04.2019 Views

Trader Dale Volume Profile

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Price Action<br />

The third example shows a low volatility area which is something quite similar to the sideways<br />

price action area. This is usually a place where volumes are accumulated. After that, there is<br />

a strong, aggressive and one-sided upward movement (buying activity). Open of the first large<br />

green candle becomes a support zone. In a case like this, you just need to wait until the price<br />

returns back to this open-drive area and enter a long trade from there. Strong buyers who<br />

were pushing the price upwards from the open-drive point will be defending their buying<br />

positions, and they will push the price upwards again.<br />

28

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!