As can be seen in the 15 minute chart, the volume profile point of control is centred in the middle of the Active Trading Range and price is building 'cause' in Phase B.
At this point we have both a spring and price subsequently trading higher in Phase B therefore the balance of trading so far in this phase is neutral and there are no clear indicators of strength yet as we look for signs of Phase C to develop.
At this point we have both a spring and price subsequently trading higher in Phase B therefore the balance of trading so far in this phase is neutral and there are no clear indicators of strength yet as we look for signs of Phase C to develop.