Dislikedi'm looking at the high vol down bar on the EU 5m in the last 30 mins. the next two bars, are lower volumes and lower spreads. it got as low as 3237, which incidentally, is the high from the morning. we are obviously in a mid term uptrend, which reinforces my bullish view.Ignored
I know which bar you are talking about and the next two bars while both downbars are lower volume yes, with the second one making a lower low but unable to close below the 5min volume bar and based on volume it is a NS of sorts so some SOS at the low of that bar since we see no SM interest in further downside.
Myself I am short at 3245 with my SL at 3260 based on two 2BR's now into 50% of both that 5min bar as well as the 15min highest volume zone... looking for the low of the 15min zone for 1:1 first at 3230 and then will trail down depending on reactions at that level.
Today's zone = Tomorrow's opportunity!