Hi, friends. We expected that price finished correction wave at support zone 8700-9000. But now we can see a bull initiative from 9500. Probably the correctional wave ended. What to do now? Waiting for a small correction wave to 9700-9850 and then buy.
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
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