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Crypto · indicator signal

Volume profile rejection on Chainlink

On Chainlink the volume profile rejection showed up 1,878 times. The target came first 35% of the time, the stop 57%, and 8% went nowhere within 12 candles.

Counted on Chainlink (LINK/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily7031%60%9%
4-hour35336%56%8%
Hourly1,45535%58%7%

Chainlink against the rest

ChartsFoundTarget firstStop firstWent nowhere
Chainlink1,87835%57%8%
All Crypto charts50,08437%56%8%
Every market63,35937%56%7%

Year by year

YearFoundTarget firstStop first
202128842%52%
202234437%56%
202335135%58%
202434131%61%
202531736%56%
202623728%64%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the volume profile rejection is

Price rose back to the price where the most trading happened, and turned down.

Imagine walking back up to the busiest stall on a market street, only to find a crowd blocking the way, so you turn back. A volume profile rejection is when price rises back to or near the point of control, the price with the most trading, and gets pushed down again.

The full volume profile rejection lesson, video and quiz ›

Other patterns on Chainlink

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile bounce · Doji · MACD bearish cross · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · all of them

The volume profile rejection elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Uniswap · BNB · Cardano · Polkadot · Aave · Dow Jones · S&P 500 · Sony · Gold · Silver

Questions

How often does the volume profile rejection work on Chainlink?

In 1,878 cases on Chainlink, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 57%; 8% went nowhere within 12 candles.

What is the volume profile rejection?

Price rose back to the price where the most trading happened, and turned down.