For tomorrow, I'm keeping my approach straightforward. The session ended with a spike down, with a base at 4086. Sellers want a break and hold below fairly quickly or we start rotating back to the short-term value.
During the closing session, we could observe significant buying effort. Sellers want to negate that effort quickly for a downside continuation. Sellers are the ones that are initiating this move away from the short-term value of 4125. Lack of initiative sellers down here is enough to attract responsive buyers for a rotation back up to the short-term value of 4125.
4086 absolutely superb smash level
I don't understand this part that "The M-period had a delta of +5486, meaning sellers want a follow-through fairly quickly".
If the delta is positive at the bottom of the session, isn't that an influx of responsive buyers?
During the closing session, we could observe significant buying effort. Sellers want to negate that effort quickly for a downside continuation. Sellers are the ones that are initiating this move away from the short-term value of 4125. Lack of initiative sellers down here is enough to attract responsive buyers for a rotation back up to the short-term value of 4125.
Thx! smash.
I'm still lacking, but the market profile is great data
Thank you!
What do you look out for when dictating stops triggering?