Trying to keep it real simple lately. Price is in the red clouds meaning a likely downtrend; however the bottom of the cloud and the support level below it can aid in a bounce upwards. I labeled the possible price areas using the volume profile.
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Took comments off and added color coded support resistance levels based on the VP.
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Forgot to add. I zoomed out on the picture above; when you do that, you bring in more past trading volume into the mix and the levels become more prominent.
Notice how the levels begin/end where you see the beginning/end of the "humps". If theyre more green that red it means buyers (the opposite would be sellers).
Notice how the levels begin/end where you see the beginning/end of the "humps". If theyre more green that red it means buyers (the opposite would be sellers).
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Gann Lines Added. Just used High/Low points, nothing fancy. Arrows are based off VP.
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UPDATE:
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