When the market is trending lower, one of the characteristics of the profile to monitor is whether the TPOs can recapture the high of the previous half hour. Alas we’ve officially seen the first TPO to accomplish the task at the one o’clock hour. It’s a start toward stabilization:
Nice work, Raul3. You picked up early on today’s turnaround.
Is there a link to TPO charting? You had posted some PnF charting links earlier, but they didn’t elaborate on TPO.
Thanks, I underestimated the amplitude of the rebound.
I use Ninja trader with fin algo.