Our weekly TPO profile graphics for 01Mar.
The graphs show the Jan distribution rally phase
followed by the Feb balance phase, 98s-95s,
identifying the longer term shift in market development.
A new directional phase lower began following the breakdown
at the key structural support, 95s, resulting in breakdown below
both the Feb & Jan structural lows to begin March.
The shift to a directional phase and structural breakdown
implied high probability of price discovery lower within the
90.40-87.90 trade cluster before achieving a Stopping Point.
This is in fact what occurred to at/near 89.40s this week.
Plotted are Support (blue), Resistance (red),
and Points of Control (green) indicating monthly &
weekly levels of significance based on the market structure, not opinion.
Our weekly statistical study plotting the key reference levels/weekly close for 01Mar, and projected levels for week ending 08Mar.
This graph shows our weekly statistical expectations for 04Mar-08Mar: (91.78 potential resistance & 89.58, 89.29, 89.01 potential support levels) as well as inferential analysis for the week.
Result...?
The market auctioned lower early in the week toward the Weekly 1st Std Dev Low, 89.30s,
achieving a Stopping Point there. This level coincided with the structural POC of the Oct/Dec trade cluster, 87.90-99.40s, referenced in last week's video review. Following this Stopping Point, the balance phase of market development began from 89.30s-91s into mid-week. The market pulled back near the Stopping Point, encountering no initiated selling to drive the market lower, setting the stage for the next directional phase of market development higher toward the Average Weekly Range High, 91.78s, achieved week's end, closing at/near the weekly high 91.95s. This area coincides with the structural resistance area/breakdown point from last week.
The context of last week's structural breakdown, the structural and statistical levels of significance, and insight into the phases of market development informed our subscribers of the likely halt of the down auction early in the week and the growing asymmetric opportunity (risk) for the buyside (sellside) into the back half of the week. Further, the provided structural & statistical levels provided quantifiable, potential destinations in congruence with the market structure.
These graphs provide a holistic view based on the market generated data, not opinion. They facilitate trade efficiency and minimize asymmetric risk.
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