3 Differences Between Consolidation & Absorption [FOOTPRINT CHART]

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This footprint trading session looks at 3 differences between a consolidation and an absorption and the types of outcomes that usually follow. The secret to understanding these differences comes down to the type of price action activity which can best be identified on the footprint chart.

In summary, the 3 differences are:

1) High relative volume
2) Price point volatility
3) Initiative conclusion

Brannigan uses the E-Mini S&P500 to review these points. From this analysis It's important to understand that an absorption often sees higher amounts of volume being transacted at the extremes of the range in which the market is trading and typically leads to a stronger breakout. On the other hand, while a consolidation may appear identical, there is less volume being transacted and can result in fake-outs above and below the trading range.

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Видео 3 Differences Between Consolidation & Absorption [FOOTPRINT CHART] канала Axia Futures