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How to detect heavy selling & absorption

Home AnalysisTrade SetupsHow to detect heavy selling & absorption
How to detect heavy selling & absorption

How to detect heavy selling & absorption

23 September 2024 Trade Setups

Here is a real time example on how one can see buyers & sellers coming in into a level using Footprint chart & volume profile tools, and how to take advantage of this setup.

Sellers eventually will be trapped if more buyers come in below this level. one has to be alert after a double top is out in, while market is still unable to go lower, this shows how buyers are in control below the 4125 level, and most likely a 3rd test attempt will trigger buy stops above 4125, which could start a move higher off that level, where a resistance becomes a support area to go long at after the breakout.

#ES_F Heavy selling at 4125 HOD so far. shift in POC pic.twitter.com/KGh6rtgglN

— Gus Joury (@Gussj) February 13, 2023

 

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