Thursday, April 18, 2013

Virgin Points of Control

Notice to the left the prior days' Value Areas.. Price is catching a bid right into those Points of Control (POC). The chart is over twenty days, at a 144 minute interval; the Monkey Bars and TPO profile both indicate a POC near 1549 for that respective span. The hammer candle that printed just prior to the doji: its' Low tick was at the VAL for the 20 day, & the POC for yesterday using the dWbShadowTrader study.