You can clearly see the high volume points versus the low ones. Its always a better idea to use the 1 hour or smaller to gain detail as to where the buying and selling is actually coming from. The daily volume is not as pinpoint although it still gives us an idea. Look at that giant demand spike to the left of he chart and the resulting mark-up (Effort versus result. Look it up under Wyckoff).

The best course of action at this point in my opinion is to see what the demand looks like when it gets back to support of to previous violent reaction areas (Previous demand zones).

If intra-day trading you really need to be disciplined in whatever your parameters are for profit taking. There are entries and opportunities for sure but you really need to have your targeting wired in… again in my opinion.

As fat a the longer term investor style I think there are going to be cheaper prices and it would not be a bad idea to wait and see where it goes once it escapes this trading range,. It looks lethargic to me. Very uncommitted buying.

Keep it simple:
If looking to buy (anything) look for high stopping volume at support/demand zones
If looking to sell (anything) look for high stopping volume at resistance/supply zones.

If you rush, you may win once in awhile but it will not be sustainable. This is a skill that takes time and effort to develop… and is completely doable and easy if done correctly. Patience is the key ingredient
Patience is the one skill in trading (or anything) that cant really be trained.

Anyway, good luck to all. Make money. Win. The market isn’t your friend. Play to win.

Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA / Master the Markets
Pete Faders VSA*
Sam Seiden ( supply and demand )
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)

Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)