I Moved One Thing and the Rally Disappeared
That whole move up to these highs was BS. I don’t mean last week’s selling. I mean the run before it, the one everybody’s calling a healthy consolidation right now. I pulled it apart on my chart today by accident, showing somebody in my room how volume profile works, and it’s fake. All of it. If you’re long up here thinking last week was the dip, you need to see this. It’s the opposite of a parabolic run, and it’s where the next real move comes from. So on my charts I run something called volume profile. All it does is show you where the most shares actually traded, by price, not by time. The dark band is where 70% of the trading happened. We call that value. It’s where the market agreed on a price and did business there. Frank wanted to know why it matters, so I told