re: breakout - surgeon Appologies - I had problems posting the diagram - it relates to an earlier post I made re Volume by price. The graph on the left is exactly that - it shows you the "profile" of the market - where support and resistance is based on volume of trades at that price.
Similarly you can see a more dramatic example with the SMX market profile. It is attached and shows that there should be little resistance over 25c (The big bar at this level was buyback of 20M shares) Over this there is nothing really up to 38c. This level will then form the next natural resistance - but implies that the rise to that level could be rapid - and captive only to profit takers who bought in at levels <25c...
Cheers
Sur`ge
Cheers
Sur`ge
re: breakout - surgeon Appologies - I had problems posting the...
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