Gaps in the volume profileJust a example to show how gaps in the Volume Profile caused during fast falls or rises in price are filled at a later date.
The gap between 4200 down to 3800 during the drop on 24th November was filled just over 24 hours later.
The left window shows the volume profile prior to the drop and up to the bottom of the drop.
The right window shows the volume profile from the start of the rise back up to 4000.
I have displayed the volume profiles back to back to make it easier to visualise.
The range of the gap in the volume profile has been marked with a box extending across both sides.
There are some other boxes in the chart that mark previous volume areas from last year.
This was created on my working chart and I didn't want to spend the time hiding them or opening a new chart for this example.
Flinty
Cardano ADA - Double bottom / Adam & EveThis is the setup I am currently watching.
If this is the pattern then start laddering long orders 1008 to 1020
Stop Loss 998
Next drop wick and bounce targetNext time we drop I think the wick could be anywhere between 4760-4640 as its a bit of a drop.
I think the price will be pushed back up to 4820-4840 for the candle close and bounce.
Left side shows volume profile for October / November last year when we were at this price level
Righ side shows current candles and order blocks to match up with the left
A drop but still inside descending wedgeA couple of wedges still in tact
As usual I was asleep when the drop happened, UTC+10 is a pain in my A$$.
Any way my position here is a possible retest
Hopefully 6k, I don't think we will get back to where we came from.
If the play continues short then I am looking at previous order block around 48
If we wait long enough for shorts to build and get some fomo I will have an order around 3660 hoping to catch a wick fill