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Another 2023 stock market forecast BUT one you have to see!

We don’t often, if ever, look at yearly candles. A bigger view goes a long way in trying to forecast where we are and where the stock market is going till the end of 2023. If you are interesting in a unique angle to predicting where this market is headed, please do watch the video below.

Volume Profile is a charting approach that shows how much trading activity (volume) has happened at various price levels. It is used to detect significant levels of support and resistance as well as to assess the distribution of trade activity over a certain time period.

In this case, Itai Levitan at @Forexlive is looking at YEARLY CANDLES and the volume profile to predict the stock market till the end 2023 by identifying significant levels of support and resistance, which can give insight into the market’s future direction.

For example, if a stock is trading at a critical resistance level , it is more likely to undergo a sell-off than if it is trading at a key support level . Furthermore, if the volume profile shows that there is high purchasing activity at a given price level, it may imply that the market is optimistic and that prices will climb in the future.

Please watch the high volume nodes and key price levels within the video above. Visit ForexLive.com for additional views.

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