Auction market theory for WTI crude oil
By auction market theory
low price zone attract new group of buyer
high price zone attract new group of seller
If you check volume profile
this area is HVA (high value area) in this trading zone
so this is just a bet with good RR
this bet can be considered trend follow (down trend)
hope that price will go back to POC (point of control)
low price zone attract new group of buyer
high price zone attract new group of seller
If you check volume profile
this area is HVA (high value area) in this trading zone
so this is just a bet with good RR
this bet can be considered trend follow (down trend)
hope that price will go back to POC (point of control)
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