Charted this back in August '19 and forgot about till it made the news. This post is simply to remind traders that price is about expectations. Structure and trade location needs to be found on it's own merits. The news is simply something the price will move around on. Without an edge on news, what's your edge going to be? Look for the whale tracks, they pay for the news, manipulate their positions. Trade alongside or behind the whales, not in front of them.
Comment
when a trade breaks through the upper median line, this is when Action Reaction lines are used to manage the trade.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.