Using Volume spread analysis, I can clearly see there is a huge weak effort vs result in the volume spike bars and a No Demand bar at the top followed by an upthrust. So there is no more demand at the top so the sellers are marking down prices aggressively on higher volume.
To find a potential target, I'm using Volume Profile. Prices may pause at the low volume node at 1500 area or blast right past it to the demand zone that is in between the POC and Value area low.
To find a potential target, I'm using Volume Profile. Prices may pause at the low volume node at 1500 area or blast right past it to the demand zone that is in between the POC and Value area low.