During the past five trading sessions price has traded with some wild swings…which has provided some decent opportunities. If you were to view price action from Volume Profile perspective, you’ll notice that distribution of activity has been fairly evenly spread across a wide range of price points forming a “normal distribution” curve.
Upper Edge 1661.00 denotes Upper Value Area (UVA)…Lower Edge 1646.00 denotes Lower Value Area (LVA) and 1652.00 VT-POC.
Trade Strategy has been Buy Dips and Sell Rips near the price edge “extremes”…Key Zones to be mindful of are: Lower Zone 1641 – 43 for support…Upper Zone 1658 – 62 for resistance. Break above or below these zones calls for move in direction of “break n hold”. Otherwise price can continue to trade within these current boundaries.
Remain disciplined and flexible.
I know anything can happen, and I can handle anything that does happen. I am open minded. My thoughts and perceptions are clear. I know what to look for. I have rehearsed everything. I adapt to change. I will listen to my indicators and the patterns that emerge. I will adjust and not demand that things continue as they first started.