Very nice "b" shape in the volume profile of the current decline. Acceptance at lower prices = continuation.
If initiative move has already begun, a symmetry move is perfectly lined up with previous VERY high volume VPOC at 34.64.
So Short from a break down off the lower edge of Value into 34.64 with a stop behind the current VPOC.
Short bet is that initiative move has begun and should not look back at all, or if it does, the VPOC fair price should reject the price advertisement lower.
And then Long form 34.64 with volume node structure stop betting on non-acceptance into the next small high vol node.
Long bet is that fair price pension funds come back in and push things higher.
No real tight place to put a stop except way behind VA Low, but I don't want to see acceptance of price back into the major value area like that.
I'll bet from the VPOC at 34.64, but if I understand AMT correctly, either T finds buyers there, or it doesn't. Acceptance back into previous value is no good, and actually indicates even lower prices, perhaps into the 20's.
So just a small minus development to reject prices on the stop and that's it. I do NOT want to see any acceptance.
If initiative move has already begun, a symmetry move is perfectly lined up with previous VERY high volume VPOC at 34.64.
So Short from a break down off the lower edge of Value into 34.64 with a stop behind the current VPOC.
Short bet is that initiative move has begun and should not look back at all, or if it does, the VPOC fair price should reject the price advertisement lower.
And then Long form 34.64 with volume node structure stop betting on non-acceptance into the next small high vol node.
Long bet is that fair price pension funds come back in and push things higher.
No real tight place to put a stop except way behind VA Low, but I don't want to see acceptance of price back into the major value area like that.
I'll bet from the VPOC at 34.64, but if I understand AMT correctly, either T finds buyers there, or it doesn't. Acceptance back into previous value is no good, and actually indicates even lower prices, perhaps into the 20's.
So just a small minus development to reject prices on the stop and that's it. I do NOT want to see any acceptance.