BP p.l.c.Long
BP is just about fully developed for an Initiative Rally
It's tough to buy the mode on a breakout, and better to buy the bottom of the value area of course.
However, BP looks like it's fully developed and may seek higher prices into the previous VPOC from the 2014 decline.
The Initiative rally move hasn't started yet, but measuring from the current rally VPOC, it looks to be just about a perfect 200% symmetrical distribution.
However, BP looks like it's fully developed and may seek higher prices into the previous VPOC from the 2014 decline.
The Initiative rally move hasn't started yet, but measuring from the current rally VPOC, it looks to be just about a perfect 200% symmetrical distribution.
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