EU Comment:
As the Frankfurt session opens, see the tall bull bar. But, it isn't bullish. It is bearish because the MMs reached back up for short orders! After the price dropped and then rose again, the same thing happens on the purple bar. It is a bear bar, but it is also bearish because again the MMs reached upwards to trade, indicating the accumulation of short orders.
Well, enough. We cannot know how price will move next, nor when trends will reverse. For me, now, I will just wait and see what happens. Probably not much at all until next week now. Time will tell.
As the Frankfurt session opens, see the tall bull bar. But, it isn't bullish. It is bearish because the MMs reached back up for short orders! After the price dropped and then rose again, the same thing happens on the purple bar. It is a bear bar, but it is also bearish because again the MMs reached upwards to trade, indicating the accumulation of short orders.
Well, enough. We cannot know how price will move next, nor when trends will reverse. For me, now, I will just wait and see what happens. Probably not much at all until next week now. Time will tell.