Right on…. trending -or- rotation.
The question that I find myself asking when coming to the EXO charts is as follows:
1) Where is price in relation to the VWAP?
If price is at the VWAP, I wait. See where it has come from and where it may be heading. Is there vectors left behind? How did price react last time it was at the VWAP?
2)What time is it? Is there news coming out? Is it London open? NY open? Lunchtime?
3)What happened in the Delta region? Have we been seeing large pushes down? Up? Consolidating after?
Basically my day starts at the VWAP.