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What POC is shows us on the current market structure and positioning?
The whole May we were in correction mode, plus 2 last weeks of June is the same correction mode with market trying to change the trend and to break higher. Unfortunately for bulls bearish trend is still in play and yesterday market was clearly stopped in long positions. Our magnet is previous POC line of Impulse, PA at this level will determine the next market step imo.
TSTW.
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The whole May we were in correction mode, plus 2 last weeks of June is the same correction mode with market trying to change the trend and to break higher. Unfortunately for bulls bearish trend is still in play and yesterday market was clearly stopped in long positions. Our magnet is previous POC line of Impulse, PA at this level will determine the next market step imo.
TSTW.