Disliked{quote} It can literally be attached anywhere Shabs... The opens are common.. whether it's the US session or the entire trading day including all 3 sessions.. As well what they call "composite vol pro" which just means more than a day or a session... Many will use a weekly and monthly VP to get major levels from. My gotos are simply 6pm ET- to whatever NY market I'm trading either 820 9 or 930.. Then another VP from.that open to the close 4 or 5 pm NY... The other goto is a weekly...I find that coincides well with weekly VWAPs... And lastly whenever...Ignored
Saying that, my eyes have been accustomed to seeing congestion points, be they large obvious ones or even a 2 candle one. So adding any more indicators to my charts would only be more things to look at, which I don't really need.
Generally, I see markets returning from a point of Imbalance to Balance then the next move will go from a Rejection of Balance or continuation to the next Balance, as your second diagram neatly points out. Simple market mechanics that repeat day in day out.
It never gets easier, you just get better
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