Of course, you're always allowed to read the market with any type of chart you find useful. As for us, we like keeping an eye on extreme volumes accompanying a given price range. Extreme volume on a downbar? People have sold that range. What may that say to us? Our first reaction is 'they're selling, let's join them', but hold on one sec: although they may well be shorting the market, they may also want to go long right after they've run the stops. (Remember it's all about deception.) Which one (apart from random noise), often the next bar will tell: the same people who have just sold may buy the whole thing back and more. So watch the next bar(s) for potential clues. Then you can employ the Remek! System to make your day.
And the situation at 11am. See? This time we were right: they did buy it back, and more.
Mindful trading!
6E 2017 02 03, 11am