potentially further down side here, based on volume spread analysis VSA
With the concept of buying low and selling high, especially at S/R, we have to think smart money is buying in larger percentages at the lows and selling in larger percentages at the highs, cause that's smart...right? if volume is the footprint of smart money, then we should be able to see these percentages buys and sells in the volume as smart money builds position.
Smart money could be waiting for price to actually hit support up here before buying or they are taking this much lower to buy at better prices.
trade safe, keep an eye on the volume at s/r and stack usd for the potential low here
peace Freddy
With the concept of buying low and selling high, especially at S/R, we have to think smart money is buying in larger percentages at the lows and selling in larger percentages at the highs, cause that's smart...right? if volume is the footprint of smart money, then we should be able to see these percentages buys and sells in the volume as smart money builds position.
Smart money could be waiting for price to actually hit support up here before buying or they are taking this much lower to buy at better prices.
trade safe, keep an eye on the volume at s/r and stack usd for the potential low here
peace Freddy