You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
short term rejection point such as a swing or pivot shown on the price action,
the HVN is often taken out on future price tests.
When you getting into a position it is best to have an identified area for your stop
loss, if you are not using a specific system which identifies your stop loss
location you should be putting your stops on the other side of an LVN. If there
are no such distinguished stop loss levels you should let the trade go.
6.4 HVN High Volume Node
Quiz
Why does price need above average volume to break through an LVN?
A. Because historically that level has acted as a delineation point and price
cannot pass through without new initiative trading activity (new buyers).
Change language