- close below value and at the lows, gives me a neutral/negative bias- from the last 2 days we can see that the combined profile looks like a falling P, with value built inside the same levels, for this reason i expect the VAL@1162.75 & MVPOC@1161.00 to act as a strong R area
- down @1153.00 we have a NPOC from 11.05 which might act as a magnet
- between 1144.25-1148.75 we have a buying tail from 11.05, indication of buyers, also an area that need to be filled, theory: price might slide all the way down if it gets there
- between 1133.00-1144.00 we have a big gap up from 10.05, indication of buyers present at those levels, but don't forget that gap was created after the black swan event from last week, so play it with caution, even tho, in theory there are singles which might get filled
- having the neutral/negative bias i'm not going to the upside with levels, but i'm aware of them. Don't forget to check the monthly composite volume profile chart.
- on weekly MP chart 1144.25 could be a level for retest and maybe further RE, also weekly MP looks like a double distribution, now i'm curious if theory regarding this type of shape will come true (POC1@1165.75; POC2@1156.25)
- my bias should change according with market conditions; O/N session should be analyzed from S/R, acceptance/rejection point of view
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