open range and fake break outs
below is dow today ... london open range
at 1 we saw the break out but no test .. no test no trend no trade
at 2 we see it pop under or low ... no test no trend no trade
its a mess and not tradeable ...
dow is under a major level all time high .. smart money will either distribute here in such non trend days OR if they are going to move price higher will drop price at the end of each trading day to entice seller and dry up all sell order above them . form this state of consolidation will come a HUGE move
not the volume on dow is very low today ....
below is dow today ... london open range
at 1 we saw the break out but no test .. no test no trend no trade
at 2 we see it pop under or low ... no test no trend no trade
its a mess and not tradeable ...
dow is under a major level all time high .. smart money will either distribute here in such non trend days OR if they are going to move price higher will drop price at the end of each trading day to entice seller and dry up all sell order above them . form this state of consolidation will come a HUGE move
not the volume on dow is very low today ....
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