An inside up day, range below average. The volume is in the down moves. Market drops fast and then tries to slowly climb back.
In terms of POCs today was a non-event as can be seen in the 5-day Volume Profile chart. In the 1-hour Volume Profile chart the last hours of yesterday and all of today could be viewed as rising flag - a negative sign. But as chart pattern it looks a little bit too big.
Maybe we will have to wait till after the rollover and the ECB meeting (both on Thursday) to see the market make decisive moves?
Switched to H13 today. This caused a strange switch of the nodes in yesterday's volume profile. Not sure why. But I think the effect of this switch is minimal.
The charts I'm using are back-adjusted so the volume profiles retain their validity.
A breakout to the upside, up to November's high. Volume was average, range above average. In the 5-day profile the PoC did not change for the first two periods. The 60-minute chart shows two nodes in its upper range.
If the market follows its recent pattern of one wide range day followed by small range/inside days then we will see a small range day tomorrow.
Another wide range up day, though not extremely wide.
First three hours were low in volume and range, but market traded around the upper node of yesterday's volume profile. Market then started to take off at 12:00 - Z12 stopped trading at 12:30 CET - and again at 14:30 CET: ECB press conference.
Looks like the rollover and the ECB meeting worked like a lid on the market that has been removed.
Volume in the 5-day volume profile starts to look a little thin now. The up trend channel in the daily chart suggests 146.50 as target. 145.00 looks like support now.
Tomorrow at 14:30 CET the NFP report will be released. This is often good for a 50 tick move. In which direction will depend upon the numbers released.
Below average volume and well below average range.
After the first two hours volume dropped and the market waited for the FOMC statements. Market then dropped on above average volume (for this time of day).
The low volume and range reflects in the 5-day volume profile: the PoCs did not change.
The down move of the last two days has lost its momentum which can be seen best in the intraday charts. Though I do not put too much weight to this fact. Today was heavily influenced by the FOMC meeting. I think the real reaction to the FOMC will be seen tomorrow morning.
Another below average volume and below average range day. Volume and range declining per day. Holiday season has already started?
For the third day in a row we see a similar pattern: market opens gap down, drops a bit and then moves up again. All-in-all the market continues to creep down but the net down move is small: around 10 ticks per day.
PoC levels in the 5-day volume profile did not change. Market almost dropped to the 144.60 level.