Zoom in for detail.
Yellow lines represent volume profile POCs from VPSV as well as marked high volume nodes from the VPVR.
Fibonacci Retracement levels also marked.
Downtrend has held. VWAP (White), 200MA(Yellow) and 120MA (Orange) have all been broken and now act as resistance.
As long as we do not break above the diagonal downtrend resistance, with conviction, we will continue lower through the fed's hawkish contractionary policy cycle.
Zones to look for support and resistance on the way down are marked on the chart. Who knows how low this will take us.
Let's see how well this chart ages haha.
*Not financial advice
Yellow lines represent volume profile POCs from VPSV as well as marked high volume nodes from the VPVR.
Fibonacci Retracement levels also marked.
Downtrend has held. VWAP (White), 200MA(Yellow) and 120MA (Orange) have all been broken and now act as resistance.
As long as we do not break above the diagonal downtrend resistance, with conviction, we will continue lower through the fed's hawkish contractionary policy cycle.
Zones to look for support and resistance on the way down are marked on the chart. Who knows how low this will take us.
Let's see how well this chart ages haha.
*Not financial advice