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I had to close the trade with 4 tick profit. I realised that all of the long correlations I'm quoting are in fact short teram bounce from the medium term downtrend. My bias fo the day is to the short side. Any longs I take must be exited quickly. I missed my chance. The target was based on a 5 day rolling volume ladder. You can see the histogram for that on the right hand side. Target was just under the volume build.
The VPOC and D-VWAP may indeed act as support for a rally but we are well under teh W-VWP.
Longest term I look at is daily. You can see that the uptrend is in fact intact. However, I use the 200 ma on this chart to discriminate long/short bias. Over the long haul it's trust worthy. Consequently my acceptance of my judgement of this uptrend is taken with 2 grains of salt and 20 grams of scotch.
One way for me to resolve my conflict over long or short bias is to declare it NEITHER and instead declare it to be a choppy day. Price action so far suggests it to me.