RECAP Chart Analysis W/C 07 March 2022
Last weeks chart analysis started with:
1 – Technical Time Analysis – Look back at past price action
Pertinent times where price has moved:
a. 0200 UTC
b. 1015 UTC
c. 1400 UTC
d. 1830 UTC
After recapping these times we saw that price move a minimum of 1% (and some occasions a lot higher)
2 – Sessions Opens + High and Lows
a. We could see that a range had been created by the Session high and lows.
b. Tokyo open created the break up and the break down.
3 – High Volume Recovery Areas
a. The Recovery zones created on the Tokyo breakout presented a great opportunity for a short.
4 – Other Key Levels for note
a. The Swing Low of the pw-Low seem to start the rally .
b. Support found on the w-VWAP and w-Open.
c. y-VWAP acted as resistance.
