Replies to post #20858 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

market trades on value Part 1
so what is that its the vpoc. 2 kinds time and volume vpoc's

On this chart the shaded areas are true value
the shaded areas on this chart are value, where a lot of trades happen
value is not static

so when price is well above value the up move is not yet confirmed
does not mean the market is going higher or lower so how do we know

i use both time and price value area (all tech guys want to argue about)
yesterday the market stopped at time value area low and would not enter

this meant it wants higher prices/value and had accepted the old prices
and time to move on up.

the pre market big H hang at time and price value area lows
then we spent 2 candles in the value area so this became the 80 rule.
80 pct of the time then the market goes to value area high.

this violent hard off the bottom move happens a lot
covid low and other lows meaning the sellers have been eliminated
thru days of liquidation breaks

[jxyzobrien]

miss labeled some things

corrected chart

[jxyzobrien]

sunday night looks like rough open
weekend futures estimate

looks like a dow -500 open so
that makes es -50

bear market surprises happen out of nowhere