Monthly Volume Profile
Fair Value is below and currently rejecting the value area high. sellers are present in this area since we are far from value, POC, in result its a great spot for sellers to go short. We would need lots of demand from buyers to squeeze above value area high and if we do, it will be a running day since it would squeeze out shorts out of their position.
Plan is to go short and target back to fair value, I'm quite certain we touch POC, but its possible to touch the VAL.
Fair Value is below and currently rejecting the value area high. sellers are present in this area since we are far from value, POC, in result its a great spot for sellers to go short. We would need lots of demand from buyers to squeeze above value area high and if we do, it will be a running day since it would squeeze out shorts out of their position.
Plan is to go short and target back to fair value, I'm quite certain we touch POC, but its possible to touch the VAL.