Yep, after they took out my yearly OR high with conviction, I was looking lower at OR low... In other news, my horoscope said the correction will last until early July! Yep, weird, I know, but my horoscope also said that this week was the beginning of a crappy 6 week period, and July is the half year/new qtr mark, so I'll keep considering what I read there, (not for a trade, but I just keep it in the back of my mind)...
1308 market profile number lots of trades there, this is daily timeframe. support 2 or S2 on pivot points is 1308.75, bounced right off of that. That said I plead Talebian agnosticism as to todays direction.
I don't pay much attention to market profile but I think pivots are important, just me though. By the way I know you can't short FB thinking longer term play after price action settles in.
H&S measurement and 38% retracement, isn't that where all the bus people will load up - before resuming the decline?
How can one "make up" levels? There is no set in stone way to derive levels, as long as one is consistent with how their levels are constructed and what they are going to do when levels breach or fail, then all is well in ACD land.
Glad I read this thread. Thank you Mav, this level made my week. You deserve a great weekend for posting such an enormously powerful signal!