Hi there,
Today I’ll show you how the volume accumulations work on practice. They do not always provide a good point of entryда, but are a good benchmark for the exit position or partially closed position.
Pay attention on the ES
29 and 30 October the price hit the maximum volume of contract accumulation for two periods. And bounced off it
You can also see Brent.
As we can see, large accumulations in the past make it possible for the forecast during the next movements. They also act as good support and resistance levels
Cheers!