If the price is below VAL,it is negative bias right.and currently if price is above VWAP +1SD what we call it strong uptrend with negative bias ?I am confused
my understanding is:
based on yday vwap, today's price is below val. so that means more probability of today's price to go down. i.e downmove will be stronger.
Now the above probability is valid until ltp is below
"today's +1SD"
If ltp trades above +1sd and u see valid mph bo above +1sd, then bias changes to positive, u can enter long as bias is positive and u can expect 1st target in this new uptrend to be VAL.
vice versa for above VAh conditions.