ok 1st things 1st, volume in daily and weekly, mean very little,
why? you may ask and well asked indeed
well because within a 1D candle you might have different areas of volume distribution, what do I mean I mean that and now that’s where it may get confusing, I mean that in order for you to read where those significant areas of volume happened you need to look at that same 1D period in a more fractioned way, so if you lower to the 1H charts, you will see in that same day 24 candles and 24 areas of volume they will give you a more detailed information of the same volume produced on the 1D, if for example you get a increase of interest in a lower area of that day with a consequent rejection of lower prices then, depending on the amount of volume produced due to this increase of interest and also depends on where the high volume candle closed and what is the reaction to that increased interest, then you may have a picture of where the SM is positioning, and you can assume a probability of price moving in a certain direction.
No demands and no supplies on a daily and weekly are nothing they mean nothing, you need to look into them in more detail, in order words in lower TF, 1h charts are my base of study for background reads.
hope it helped cheers mates.
PS - _bob don’t be so harsh mate, we are in the forums not because we know it all but exactly the opposite we are here because we want to learn, and it’s a shame that most people when they get profitable they disappear and forget that once they were here learning, and that is their time to teach. anyways done and dusted see you later.