from yesterday’s note: the VAH at 4521..is no longer valid.
This was on a 7mn timeframe. But.. looking back at a much longer time period on a weekly chart this area of price does represent a major VAH. So as per note on 11/15, Rejection is common at a VAH but time (acceptance) at or around this level would be a further bullish indication.
In the ST, Significant Buying (green) was marked again yesterday and the Value Area was printed entirely above the 7month Control at 4524, see yesterday’s note. I see no signs yet of this bull trend breaking down.
