Monday Pattern MA
This is a moving weighted average of Monday Intra-day patterns. As such, it is lagging, and cannot be used to time the market.
Historically, there is a high at 9:45 with a decline at 12:10 and a second low at 1:00, with a slow rise.
Volatility shows times with low movement, and high potential to chop your profits.
Even if the pattern doesn't hold true, still look for potential swing points. as they may hold.
Today there is Housing data being release 30 minutes after the open. I would focus on that data and market movement.
Cheers!
Historically, there is a high at 9:45 with a decline at 12:10 and a second low at 1:00, with a slow rise.
Volatility shows times with low movement, and high potential to chop your profits.
Even if the pattern doesn't hold true, still look for potential swing points. as they may hold.
Today there is Housing data being release 30 minutes after the open. I would focus on that data and market movement.
Cheers!
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