- interesting observation, imo, of a double distribution
- first distribution up, was made on a "P" shape, short covering, also showing that the move up is limited, not being facilitated, seen by the wide shape
- second distribution was made on "b" shape, with price selling off of VPOC of the first distribution; also showing that the move down is limited by the wide shape of the profile to the bottom
- this formed a double distribution day, with price closing just shy of the separation of the 2; with POC not migrating lower with price; with VA containing the first distribution and just a small part of second one
- 1164.25, the separation should act as S/R the following day
- not to mention the total volume for the day = 2.56 mil; the vol of the first distribution = 1.25 mil and the vol of the 2nd = 1.30 mil
- will be interesting to watch tomorrow !!!
- interesting observation, imo, of a double distribution
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