I drew in the horizontal line "1" on Sunday as a make or break point for the day. The line held for most of the session as price bounced off it. Selling the POC at "2" wasn't really possible as there was no real confirmation, but the retracement to a couple of ticks lower in F period was the sale and trading it down to the "1" line. After watching that line being attacked for so long, selling it was the way to go, covering at the POC of the split of 09/13 or it's VAL-ish.
Markets trade in distributions and trading these distributions using the timing from the bar chart is a great technique. Context is king.
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