Our weekly TPO profile graphics for 22Mar.
Plotted are Structural Support (blue), Resistance (red), and Points of Control (green).
The graphs show the Feb distribution breakdown & directional
phase from 95s, identifying the longer term shift in market development.
The directional phase ended with the structural development
of the Mar Stopping Point at/near 89.30s, signaling the potential
for balance and/or a rally phase.
Our weekly statistical study plotting the key reference levels/weekly close for 22Mar, projected levels and inferential analysis for week ending 29Mar.
Result...?
The market broke out early this week
above the key structural resistance, 94.40s, trading toward 95.50s before pulling back, encountering a buy response, confirming the breakout.
The market was in a buyside directional phase for the remainder of the week auctioning back into the key overhead Feb Supply Cluster, 95-98s, closing the week at/near the high, 97.25s, (at/near upper Feb cluster POC) greatly exceeding a 2 sigma weekly move.
Knowledge of the significance of the key structural resistance area, 94.40s, and key structural levels overhead informed our subscribers of the likely buyside directional phase and destinations in the event of a successful breakout above 94.40s. This insight, coupled with statistical levels, provided quantifiable, potential destinations and strategy (long positions) in congruence with the market structure.
This study provides a holistic view based on the market generated data, not opinion.
It facilitates trade efficiency and minimizes asymmetric risk.
For additional information & a 1 week free trial,