DislikedShort in progress on USDCHF, considering that the price was consolidated for a short time, I am considering it possible for it to return to the range again and stay there for a while longer, perhaps until next week (since today is Friday), always remembering: we will never be able to find out what the MMs did next... {image}Ignored
This item shows a very interesting situation. Your "sell" trading could turn out very well, and have some nice opportunities to expand the trade along the way.
The attached Day chart shows higher volume sell-off activity that ran 5 days straight....3 days down and 2 more days ranging. Probably some SM switching from "sell" to 'buy" for the pop back up, where they likely again placed more "sell" trades back up there, at the higher prices.
Overall, this chart shows what might qualify as a Triple Top. All the up/down PA since about mid February looks like SM unloading their long term "buys" and converting to "sells". And this is not an "event". It is a "process". And this "process" may have more to go.
So, if it all is to be this way, then we can expect "drop and range events" that are then subjected to stop hunting reversals back up.....creating liquidity from 'too soon sellers" that have to "buy to close" back up at higher prices.......thereby enabling SM to complete their unloading of profitable previous "buys" and opening of new "sells". This "process" might take a while. Significant drops might come in spurts.
Note the locations of RWL and RML. All is possible. Also note that this coming Wednesday has a slurry of High Impact Releases, the potential for a beehive of activity that can extend well beyond the time of the releases.
Yes, an interesting item that could be quite active for the remainder of March! Just remember, we cannot ever KNOW how the MMs will move prices.......what the sequence of directions and distances will be, as they carry out their plans to create liquidity where and when it is needed. We must always do our own due diligence.
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