DislikedEU Volume Analysis: We've always stressed the quarter, half, and whole SRs. But here is a good example of how important history SR can also be. 1.326 noted by Tah is absolutely a major pivot point. We can also read into what volume is telling us in terms of whether it is increasing or decreasing during a down or up move. In this chart, BEARS clearly have strength due to volume. This adds confirmation to the direction of future price, which in this case is Down. If price do go up, it's to build more for the MMs. {image}Ignored
The first part of the decline the volume was decreasing not increasing. When nearing a former demand level (blue line) the volume increased with a peak volume at the bottom of the decline and price touching the former demand level.
I agree the area aroun 1.326 is a pivot area. Let us see what the market decides about it.
Posting Demo charts, mirroring some of them live.