Tilray is a Cannabis stock, but the importance of this post is the art of fading.
I have numerous posts on Volume profiles and how and why they are very effective, and have kinda made it a mission to show you how great they are!
Here I am showing you how to fade around value, notice the profile, notice how price is trading sideways in this range and building mass of orders, I have used the two blue horizontals to show the outerside of range, and look how price has acted! Absolutely beautiful fades back into Value! honestly so beautiful.
Price attempts to break the outside boundaries before being turned around and heading back into the mass of orders, it is truly beautiful.
The takeaway from this post is the importance of using a volume profile in trading, as the big boys are! step up your game now!
I have numerous posts on Volume profiles and how and why they are very effective, and have kinda made it a mission to show you how great they are!
Here I am showing you how to fade around value, notice the profile, notice how price is trading sideways in this range and building mass of orders, I have used the two blue horizontals to show the outerside of range, and look how price has acted! Absolutely beautiful fades back into Value! honestly so beautiful.
Price attempts to break the outside boundaries before being turned around and heading back into the mass of orders, it is truly beautiful.
The takeaway from this post is the importance of using a volume profile in trading, as the big boys are! step up your game now!