STOXX 600 Tumble Lower Towards Quarterly VWAP Close Level

The Private Banker
By The Private Banker of The Private Banker IO
Trader •

Europe’s STOXX 600 dropped lower yesterday, targeting the lower rotation towards the Quarterly VAL close level while the market seemingly found an hold around the QVWAP close level.

Europe’s STOXX 600 dropped lower yesterday, targeting the lower rotation towards the Quarterly VAL close level while the market seemingly found a hold around the QVWAP close level. Intra-day price structure with a b-shaped profile might be seen as bullish for the session, in case of a move above the balanced distribution.

Absorption around the lows are possible to conclude buying scenarios with patterns such as the swing failures on the hourly. Upper and previous VWAP close level might be magnetized by buyers and sellers while yesterday’s close levels shall serve as potential resistance levels.

(Click on image to enlarge)

 

More from this Author

Microsoft’s Xbox Overhaul Exposes Gaming’s Margin Trap In AI Era

Microsoft’s Xbox Overhaul Exposes Gaming’s Margin Trap In AI Era

The Private Banker •
Eurozone’s Energy Trap: PMI Collapse Signals Deepening Stagflation As ECB Faces Rate-Hike Dilemma

Eurozone’s Energy Trap: PMI Collapse Signals Deepening Stagflation As ECB Faces Rate-Hike Dilemma

The Private Banker •
Hormuz Endgame: Markets Bet On Ceasefire, But Prolonged Closure Risks 2008-Style Recession

Hormuz Endgame: Markets Bet On Ceasefire, But Prolonged Closure Risks 2008-Style Recession

The Private Banker •

Comments

Back to all articles