Power of VA´s
When trading the Value areas, knowing the direction of the price is equal important as where is the volume been stacked...
In the following image as we can observe, the developing VAH was broken to the upside the prices supported it self in a HVN (High Volume Node) and at this point the price let know that there was no intention to bring prices down, on the contrary it wanted to test prior swing high and also the 127% Fib extension.
JD
In the following image as we can observe, the developing VAH was broken to the upside the prices supported it self in a HVN (High Volume Node) and at this point the price let know that there was no intention to bring prices down, on the contrary it wanted to test prior swing high and also the 127% Fib extension.
JD
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