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$RVP Update on the Big Blue Arc now that the week is done.Jmmarcell, published August 6, 2021
I follow weekly and monthly value areas and points of control on a 1hr chart with extended hours included just in case you want to pull this up to verify for yourself
The orange line is basically the top of value on a volume profile pulled from the March 2020 Earnings report to the last earnings report. Notice Week 11 Point of Control still hasn't been broken and is at about the same level. That's at 13.40-something and is the price point that @HamsterToe said a few weeks ago he thinks the institution with the biggest short position is flashing on occasion
The Value high, Value low, and POC for this week are drawn over where price-action will take place next week
When price moves sideways (rangebound) within a value area for a considerable amount of time (week, month etc) it tends to move up violently when it does finally break that range
My guess is rangebound within value or between value high & long-term POC next week
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