DislikedUsually, An uptrend and a consolidation above, means Market has further room to go up. The lighter i.e the amount of time (Shorter) it spent on the consolidation means the most likely it will come down soon and go below the ranged level. The heavier i.e the significant amount of time in spent on the consolidation, the market will take more time to come down below the consolidated area i.e It will go above consolidated area and the when it comes back it take time on the consolidated area again and make a move. At the moment, it looks to me it is...Ignored
But can't we say the same when it dropped to 1.1550? And then consolidated under 1.1600 for 2 days? But never went lower.
Just asking...
MAKE IT RAIN