Every day i wander how this thread is dead even it pinpointing to the right way to see the market by auction market theory
Auction Market Value Theory & Analytics
It appears the EUR/USD is still in a bullish stance. But the fact that it opened below the UQ, and that the UL is the same now in the 5, 10, 15, and 20 day ODCs, I'd say we are in no man's land. The brackets widened but it was a weak close. Caution, as this could be a failed break with a return to the MID of the composites. Or, as the TPOs support the LTF buyers we can resume higher, albeit with activity slowing. {image}
Your VA DIR labeling can be misleading. It is either; higher or lower, overlapping higher or lower, outside or inside position.
Your analysis is a little cryptic.
Daily price movement on the 30th indicates clear rejection of of high after breakout on the 29th (which on this day the POC has caught up with the price, hint).
One good gauged of price tanking is to see how much volume is traded for the day compare to the average volume of the last 20days. If it is higher; then likely we witnessing capitulation.
Good luck!
Just to see what would happen, I made my VA Dir based upon the 30 conditions in MOM. My interpretation of Bullishness was based on the rotation of the closes to start. But you are right. It was a bad place to be. I saw that the POC was starting to fold. Also the market was slowing, TFF, VA Range, and VTY, and even now they get worse. My Net Flow is +1 now (I used Jones' formula with the IB included). But even after all of this I would still be long here. Based on the Friday low (where my stop would be a little below it) we can still move higher....
ah not an advise just sharing my views. Do post occasionally if you can. I am sure we are the last bastion of AMVA.
My tools are not completed yet, nor my education (I've started studying some of the source material again with written notes).
I swear this is the best trading thread. So much information to reflect on...
