Hi!
The yellow price history shows that ranging volatility could break the lower low and higher high to seek liquidity by rapidly squeezing both sides of the market..
We just opened the weekend which usually correlates to lower liquidity, allowing the market to shake out.
Most of the TA can be ignored here, this forecast is based on timing and the general shape of price action - price is lingering above mid-line with multiple rejected drops.
The yellow price history shows that ranging volatility could break the lower low and higher high to seek liquidity by rapidly squeezing both sides of the market..
We just opened the weekend which usually correlates to lower liquidity, allowing the market to shake out.
Most of the TA can be ignored here, this forecast is based on timing and the general shape of price action - price is lingering above mid-line with multiple rejected drops.
Note
Note
Note
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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.