Multi-distribution trend day after breaking out from both the multi-day balance area and inside week. Immediate resistance 4507-4515, support at the lower end of today's upper distribution at 4489.
You need to start with one of them first, the hardest one to learn is the DOM, there is a lot of screen time required for you to understand auction theory and how buyers and sellers move markets. If you then can learn volume profile and footprint, combined together can give you an edge. I also use Bookmap.
Can you please suggest any website or document or videos to learn volume profile and footprint yes I am spending good time on market. Amount of buyers and sellers I need to get some more clarity and how to interpret delta on each print
Yes, 13.63 is essentially the Weekly Extreme Low for VIX, thus correlated with the Weekly Extreme High of 4515. 13.63 is the level to observe throughout the week. However, 13.78 is correlated with 4539, but its significance is limited to today.
Thank you @Smashelito can you please suggest any videos or websites best to learn orderflow
Depends on what you want to learn. When you say order flow do you mean the DOM / Footprint?
And which is best tool
Yes volume profile, DOM, footprint and how to interpret delta
Thank you for reply Milli
You need to start with one of them first, the hardest one to learn is the DOM, there is a lot of screen time required for you to understand auction theory and how buyers and sellers move markets. If you then can learn volume profile and footprint, combined together can give you an edge. I also use Bookmap.
Thinkorswim
Can you please also suggest which is best tool
In terms of tools there are plenty, which platform do you use?
Can you please suggest any website or document or videos to learn volume profile and footprint yes I am spending good time on market. Amount of buyers and sellers I need to get some more clarity and how to interpret delta on each print
If you like to learn, you can start with a course, or watch some basic videos on YT.
https://youtu.be/HmXPjar1h1w?si=GL8GLcJe4EF-6ew9
https://youtu.be/-EEzTTwFSUs?si=rZaJ6cpWIQ4F-LaT
I hope this helps, if you need more clarification let me know.
Thank you I will go though videos
Excellent post!
Thank you, buddy. Smashed it today, wonderful upward move since the open.
Can you clarify the vix values? The value for B&H of 4539 (13.78) is greater than that called for the of weekly ex high at 4515 (13.63).
Yes, 13.63 is essentially the Weekly Extreme Low for VIX, thus correlated with the Weekly Extreme High of 4515. 13.63 is the level to observe throughout the week. However, 13.78 is correlated with 4539, but its significance is limited to today.