SOXX Simple chart says the most-Volume Profile

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SOXX Simple chart says the most-Volume ProfileiShares Semiconductor ETFBATS:SOXXkrisozDisclaimer: This is for educational purpose only, and not an investment advice. Here I have on a weekly SOX (Semiconductor sector),volume profile with only developing volume area (DVA) plotted and nothing else, with value area set at default of 70% Just like VWAP, DVA can provide valuable insight Just like VWAP, sometimes better, thought not exactly like Vwap. 1.prices can come to revisit the developing lines. 2. These lines can act as support resistance 3.Breakout from the area,will fast price changes in the direction of breakout The drawback is that they can be very jagged As the days progress the upper line could rise higher and or the prices could drop, till they meet. In this case IMO prices could drop to around 400