Pivot Point/Point of Control Confluence 
I thought I'd post the following chart as it illustrates something which seems to occur quite often - confluence between a key Pivot level and a key Market Profile level.
In this case, yesterday the market blasted through Thursday's Point of Control of 1278.75(which I shorted and lost on), and didn't pause for a re-test.
Interestingly, this level is the Weekly Pivot Point for next week, meaning the first test of the Weekly Pivot Point will also be the first test of Thursday's Point of Control.
The chart also illustrates that sometimes the Point of Control is more like a "Region" of control spread over several prices. |