UCad Comment
First, look at the MONTH chart, just to get perspective. This is bullish.
Next, look at the H1 chart. See how the MMs stopped the rise and accumulated short orders above the upper whole number and have driven the price right back down to the lower whole number for some profit taking. What is really going on here is that the move down is an opportunity to suck in shorters so the MMs can accumulate long orders. IHMO, this wide ranging up/dn action by the MMs to assist them to accumulate long orders will be the fare thru the holidays.
First, look at the MONTH chart, just to get perspective. This is bullish.
Next, look at the H1 chart. See how the MMs stopped the rise and accumulated short orders above the upper whole number and have driven the price right back down to the lower whole number for some profit taking. What is really going on here is that the move down is an opportunity to suck in shorters so the MMs can accumulate long orders. IHMO, this wide ranging up/dn action by the MMs to assist them to accumulate long orders will be the fare thru the holidays.