The top two white lines represent the 11 PM to 3 AM range the day after the high of the week has been created, while the bottom two white lines show the same range the day after the bottom of the week. These lines are used to orient ourselves relative to the week's movement. The yellow naked points of control (NPOC) indicate low-volume hours, the red point of control (POC) shows high-volume hours, and the orange POCs are weekly indicators. I anticipate a sell-off early in the week toward the low-volume NPOC, followed by a long move that will break last week's high.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.