Our daily TPO profile graphic for 18Dec.
This graphic clearly shows
this week's upside breakout in the weekly timeframe
abv the lower monthly cluster. Plotted are
Support (blue), Resistance (red), &
Points of Control (green) which give
insight into levels of significance based on
market structure, helping clarify which
levels are most likely destinations.
Our daily statistical study plotting both key reference levels
& price action for 18Dec and projected levels for 19Dec.
Result?...
Following the key breakout above the monthly lower
trade cluster, the market continued the rally phase
toward the 1st Std Dev High (89.64s), referenced on 18Dec,
where the market achieved a stopping point and balance into
the close of 19Dec.
These graphs help provide a holistic view based on
market generated data, not opinion, to inform the
participant not only of possible destinations for the auction,
but also where major resting supply/demand clusters
reside which usually halt buyside or sellside auctions.
Thus, more efficient trade entry & exit.
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