This could be the wrong way to use these tools. This is my first opportunity to put them to use. Feedback is welcomed. Two Volume Profiles at work. One Fixed Range from October 16,2014 through December 7, 2014. I then drew a Fib on the 70% Value Area to determine the 50% Fib balance point. Dark blue line from far left of screen is the Fixed Range POC. Sky Blue is the 50 Fib. Volume Profile on the far right is the Visual Range Volume Profile, its respective POC is the dash green line stating 117.75 is the POC for that range. Current price is slightly below. We see the Fixed Range Fib on the Value Area has some merit as price bounced hard off the 50 Fib on December 16, 2014. Price alos struggled to break upward through the High mark of the 1.00 Fib line @ 120.29. Continued bearish behavior brings the 115.57 figure into play as a realistic near term target. Conversely, we have a 50 Fib at the 118.35 price level for this same span based on the Visual Range Value Area.
