After a low opening and touching the 1,221.50 level on Monday morning the yellow metal regained its losses in the early hours of the day’s trading session. However, the bullion is still likely to continue the retreat, as the Macron victory in the French Presidential Election is seen as a sign of minor changes in the fundamentals in the financial markets, which...
A double bottom is a charting pattern used in technical analysis. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
POC = Point of Control
Price at which the most TPO’s occur in the Market Profile chart
during the previous day. The prices that saw the most activity. Visually the
longest horizontal line.
VA = Value Area
Range of prices containing 70% of TPO's in a profile.
The Value Area is where price was accepted by the "majority" of the market participants.