Price is in the "middle" as we approach the end of the month. This can cause a gradual tightening of leverage at the upper and lower bounds of the range.
This can cause a range squeeze, where alternating upper and lower breakouts gradually expand the range, resulting in a megaphone formation.
This can cause a range squeeze, where alternating upper and lower breakouts gradually expand the range, resulting in a megaphone formation.
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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.