Don't expect a V-shape!

  

 Don't expect a V-shape recovery! This is basically what I get from the volume profile analysis shared below. As stated above, I think there is a high chance we will see another leg down below the latest lows around 6300. As always, don't chase as FOMO but be prepared with more volatility!!

 The current volume profile analysis highlights that many investors are trapped in the market with losses. We suspect the market will encounter resistance all the way up to new highs as these investors, who are losing money, seek to exit their trades at no profit or with a slight gain or loss. Below 630, the volume starts to thin out. This means there are not many buyers willing to add to their positions to provide support. Said differently, it could be a slippery slope lower if new buyers are shy.