What I believe is most often overlooked when it comes to support and resistance: You can draw numerous levels using SMA, EMA, Ichimoku, or other methods. But when price reaches one of those levels, the same question arises: Will this level act as support, or will it function as resistance? The problem is rarely with the line itself. What’s missing is seeing how much actual volume occurred at that price level. I’m not just asking whether volume increased or decreased. My primary question is this: How did the market respond to a specific price over a given period? For example, when analyzing gold’s last three months of price action, simply drawing a line at $4,300 on the chart tells you far less than seeing how much trading occurred around that price, how buy and sell volume was distributed, and how the market reacted to that zone. This is where the core idea of Footprint begins: Reading volume not just by time, but by price level. This was precisely the fundamental problem I sought to solve while developing these indicators: “How is the market responding to a specific price?” My first work is open-source and free: Volume Footprint: Measuring by Math & Geometry https://t.co/e8grYmlg9D In my second work, I directly applied this approach to support and resistance zones: Galton Volume Profile: Support/Resistance and Buy/Sell Flow https://t.co/QDA7aRTKu1 Sometimes, what we’re truly seeking in the market isn’t a new line—it’s the ability to see what actually happened at that price.
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