13:45 YOu can see a POC forming around 182. 64. But also you can see that there are more shorts than longs, and also there is a larger POC up above from yesterday around 184.07.
It is quite possible that the new shorts are going to get trapped if/when the market corrects back vfrom here to the Magenta VWAP around 182.7 just below Ichimoku Cloud, but then if the new POC doesn't hold, could see a strong run back up to old 184.07 level to fill that gap. This is also a clear setup in 30 min timeframe and I left comment on that.
So the idea is to buy NOW and more lower in expectation of AT LEAST a pullback to current VWAP and POC around 182.64. It is almost impossible that such a pullback won't happen today-tomorrow unless there is some sort of earth-shaking development of course.
It is quite possible that the new shorts are going to get trapped if/when the market corrects back vfrom here to the Magenta VWAP around 182.7 just below Ichimoku Cloud, but then if the new POC doesn't hold, could see a strong run back up to old 184.07 level to fill that gap. This is also a clear setup in 30 min timeframe and I left comment on that.
So the idea is to buy NOW and more lower in expectation of AT LEAST a pullback to current VWAP and POC around 182.64. It is almost impossible that such a pullback won't happen today-tomorrow unless there is some sort of earth-shaking development of course.