"The Point of Control"

9 เม.ย. 2022

In my last video I observed the past trading week and discussed possible Institutional/ market-maker volume and the corresponding downward price moves.

When analyzing a volume profile indicator, the "point of control" is the price at which the most trading volume has occurred over a certain period of time.

Since TSLA reached its peak price of $1,229.91 on November 4 2021, the price at which there has been more trading volume than any other has been approximately the price that TSLA is priced at RIGHT NOW! $1025.61

Excuse the CAPS lawl

Anything could happen, but I still think we are more likely to see some more downward movement.

Let me know what you think!

I am not an investment or trading professional and nothing above constitutes advice.

9 เม.ย. 2022

บันทึก

Oh yeah! If the "point of control" is actually a new support level now because of inflation then oops LAWL.

I'll change my mind if there is sharp movement to the upside and price hits the $1075 range

Let's see what happens.

11 พ.ค. 2022

บันทึก

Call it what you like, but beyond a general downturn in the markets overall, on April 9th we were at $1025.61. Here we are one month later at $734.00. Thats -28.4%!

I should have remained in the trade but the theta and the premiums on this one had me pull out.

Let's see where this goes!