We have a balanced market with VAL @ 67.27 and VAH @68.74. We are currently trading just under the VPOC @67.86 with expectancy to rotate back up continuing the auction process. Daily upside targets are 68.20, 68.75 then 69.65. If we break above 69.65 then we could see a huge slide up to 74. If we begin to sell off then first downside target is VAL 67.20, then back into prior value at 66 then VPOC of prior value @ 65.
1 Hour Chart
Below is an image showing you the trades for the day. I did not have to take too many positions today in order to make some cake. This is ideal for me. Buy value area low (VAL) ride it up to VAH...close the position then reverse and go short for the ride back down to VAL. Just a couple of trades and done for the day. Always try to trade around VAL and VAH because price action is very consistent around these areas.