Ticks have sustained for the last 45 mis in the -1000 level which is a sign of caution. ↘️
Generally, when we see sustained selling like this it is algos running in the background.
🙅♀️The Fed did not raise rates today - it could have happened but it was unlikely. They did walk back their talk a bit, saying a rate hike would "soon be appropriate" which is a ways...
🟢 $Tick making new highs and 5SMA on the 5min chart goes positive and is hitting aggressive +1000levels. It has to stay here ange get steadily stronger for a rally. This would give us idea if we will get a bounce into mid week.
PRICE ACTION TRADING.
STEP ELEVEN
Find a supply and demand zone.
STEP TWELVE
Find a PINBAR at demand or supply zone.
PRACTICE,PRACTICE,PRACTICE AND PRACTICE
SEE YOU AT NEXT VOLUME !!