Bullish context above the VAH, caution below the POC
Context. Close above the previous value area, positive cumulative delta, tight VIX1D Expected Move. No major release before the afternoon.
Levels. Previous VAH, POC, VAL, and the upper Expected Move extension.
- Scenario 1: acceptance above the VAH, continuation towards the upper extension. Invalidated by a return below the VAH with negative delta.
- Scenario 2: rejection of the VAH on absorption, return to the POC. Invalidated by a 5-minute close above the VAH.
- No trade between the POC and the VAH: noise zone.
Educational analysis, not investment advice. Futures trading carries a risk of capital loss.