If the London & NY sessions have the same highest area, then the market will tend to be lower. Likewise, if it is in the same lowest area, the market will tend to be higher.
At the same time, these areas can also be used as a base structure, to estimate the next market direction (if the market breaks out at valid high/low levels)
At the same time, these areas can also be used as a base structure, to estimate the next market direction (if the market breaks out at valid high/low levels)
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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.
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.