“Little goes a long way” is a well-known saying. This article is little, but it contains practical value for those who want to increase efficiency of their market analysis with the help of Footprint.
This article is a practical instruction for those who studies the market analysis with the help of such concepts as volume, clusters, footprint and delta. This method of analysis focuses on real powers that influence the price – efforts of buyers and sellers.
Aggressive trades are moments of splashes of volatility, when the Time and Sales Tape shows a series of major buys and sells. These actions testify to activity of major exchange players. But what do they do? How to act in a harmony with professionals?
Japanese candlesticks emerged as early as in the 18th century. Traders from the Land of the Rising Sun made first efforts of predicting the future rice price at that time. In other words, the candlestick pattern analysis is the most ancient type of technical analysis.
Chart patterns are a classical approach to analysis of the financial markets. It was widely used in the XXth century and is still used due to visual simplicity of chart patterns. However, is it wise to use today what was good long ago?