Market Profile and Vol Cycle:
After yesterday we have a bullish profile with new key bullish support zone. Overnight low stopped at weekly rolling profile VAL + yesterday`s single print. Breaking below it will provide more selling pressure. Beside last key bearish resistance which now is a normal resistance we have a 4320 monthly rolling profile VAL which will provide some trading opportunities too. Breaking above resistance zone will confirm that buyers are in control – retracement to this zone (after breakout) will provide buying opportunity.
As to vol cycle, as hard as it is to trade especially because war tensions the situation is quite clear. There are just two possibilities. Either we test again vol resistance zone or break down and head to vol cycle target. But what is clear from cycle perspective this is not the low yet.
*Analysis are usually made before RTH open
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