Disliked{quote} Hey Malcolmb, welcome back. good to see you posting again. Agreed 146.30 is a massive level. 3 days of POC running through that price point. Trend is up however its bearish looking market profile with volume tapering towards the top edge. Its not a clear rejection of higher prices so I expect the market to go test the green box to see if there is any more business to be had up there. If volume decreases into the box then expect a reversal. For the trend to reverse the market needs to print a POC below 146.30. {image}Ignored
Strong possibility to go up into the green box as its an area of supply and professional money usually tests these major s/r to " dry up " demand prior to dropping a market .
I used to use POCS alot and they are very useful. But in recent years have dropped them off my charts.
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