On a specific day, a stock might experience high volume, which may imply there’s interest in that stock. It may also indicate institutional buying. For example, increasing volume on a breakout above resistance or below support may indicate a trend continuation or reversal. Volume, at its most basic level, may be able to provide valuable information. Understand the significance of where most trades took place, or the point of control (POC)Īre you tired of trying to guess where potential support and resistance levels are located on a chart? Wouldn’t it be great if you could get a deeper view of the supply and demand dynamics at work beneath those price bars? At the most basic level, it has to do with volume and price.Learn how to identify potential support and resistance levels with the value area of the Volume Profile chart.Know how to use Volume Profile charts to analyze supply and demand dynamics.
