Support Zone Holds in the Early Trade
At the start, the TradeFlow chart rebounded after testing a support zone, and following the rally, a resistance zone has formed. Both, the sell (red) volume line of the TF5VCrs study and the buy (green) volume line are declining, which indicates that the sideways movement is a correction
Yesterday’s TradeFlow chart shows a series of falling resistance zones, with each challenge failing to get through, and then sellers took charge again.
To read more about these two custom studies, please check out my article TradeFlow Custom Studies.