EOS Patience Pays
Still looking to complete an edge to edge move within the kumo cloud on the 4D chart. Support currently holding at the bottom of the cloud as expected.
Once we are back above the Kijun-Sen (Purple Base Line) and the Point of Control (Red Line indicated by the VPVR/Volume Profile) at $5.29, the target is an easy $12 as the long flat top of the kumo cloud acts as a magnet.
POC or Point of Control is the highest volume node on the volume profile. Traders use POC as support and resistance or an important retest point.
Once we are back above the Kijun-Sen (Purple Base Line) and the Point of Control (Red Line indicated by the VPVR/Volume Profile) at $5.29, the target is an easy $12 as the long flat top of the kumo cloud acts as a magnet.
POC or Point of Control is the highest volume node on the volume profile. Traders use POC as support and resistance or an important retest point.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.