Euro Bund Market Observations (Ending One-Time-Framing)

Looking at the plain daily chart, we can observe the end of the one-time-framing lower behavior which occurred for several weeks as Friday's high got taken out. A previous balance area seems to be supportive for now.

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Looking at the weekly volume profiles, we can identify a double distribution profile. The market opened inside of the lower acceptance area and traded inside of it. Let's see how the market could possibly test the upper distribution.

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Let's move forward to the daily volume profiles. We opened inside of Friday's balanced range and value. In the end, the market broke out to the north and left us with a 'P' shaped profile, distribution and value in the upper area of yesterday's range. In this situation, the VPOC should be closely monitored. Open above, bullish; Open below, bearish. However, a break of the VPOC could happen as well. We simply adjust the game plan accordingly. Friday's value area is suspicious for a potential test, inclusive with long opportunity in my opinion. I will keep the eyes on these areas for sure.

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Last but not least the VWAP chart overlaid with the mentioned areas. Any levels of confluence? Depending on the open I will observe the positive 1st standard deviation level (VAH close). The VAL does not feel as a stable support in my opinion.

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Please visit our trading community to learn a more indepth analysis process with various tools such as the VWAP or Footprint ...

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