Another strong week, once again we didn't drop below the weekly pivot so bullish all week.
We had a weekly close above the monthly R1= bullish.
YR1P is at 26284, however it is in a low volume node and price could use quickly through to 26400, which was last years R1 pivot.
Volume profile showing nice positive skew and still building value higher. The profile needs to develop and thicken out a bit as the POC and major nodes are below.
As long as price is above 25600 this week I am bullish for the week. That means no shorts!
We had a weekly close above the monthly R1= bullish.
YR1P is at 26284, however it is in a low volume node and price could use quickly through to 26400, which was last years R1 pivot.
Volume profile showing nice positive skew and still building value higher. The profile needs to develop and thicken out a bit as the POC and major nodes are below.
As long as price is above 25600 this week I am bullish for the week. That means no shorts!
Comment:
Same as last week, still we maintain above WP and grind up, reclaiming 26k. Next stop 26400
