NQ1!, Short term Reversal
Responsive buyers were active the entire session. Bottom of the balance, oversold condition and a false breakdown created a buyers revenge trade. This is one of the potential scenarios I outlined in my previous post.
The market is in the balanced state. Until the balance is resolved we can see swings back and forth that mean nothing. The challenge is to detect, and this is could be done on the lower timeframes, what side takes a turn and ride with it. We may see a completely opposite move tomorrow.
07/22/2019
The market is in the balanced state. Until the balance is resolved we can see swings back and forth that mean nothing. The challenge is to detect, and this is could be done on the lower timeframes, what side takes a turn and ride with it. We may see a completely opposite move tomorrow.
07/22/2019
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