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Originally Posted by daraknor
Has anyone noticed a strong correlation between reversal points and Prive-Volume-Time interactions? I would think only a weak correlation would exist, and only on the extremes. (less volume = greater chance of support/resist line). The most effective support/resist have 0 trading, because they are never touched...
What would be the purpose of this? Volume over time would tell me when the Over The Counter market is open.
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High volume = price acceptance, often it trades back (support/resistance) to these prior day(s) levels
The shape of the profile can teach you a lot too. short- or long covering etc etc