Disliked{quote} I think that depends on what timeframe you are viewing. That's a h4...5mins is showing an area where price has accumulated orders. It looks like a valid setup to me. {image}Ignored
So what you do on M5 then? You first look at M1 to find accumulation? And on M1 you switch over to a real time tick chart?
If accumulation is by definition a area where the smart money places their orders it would make sense to me to search and find such area on the same time scale where smart money is looking at. Now how do we know if smart money traders look at price on a M5 chart Daily before placing their orders, I guess they are not even looking at a „Chart“ at all for placing large orders.
Wax On, Wax Off