Disliked{quote} Hello, I have noticed this happens a lot.. How would you read that ? {image} Thanks,Ignored
I would read it as once the correlation goes out of a range of 50% it becomes a continuation of trend.
The thought process is, lots of small/medium sized volume is happening trying to take price higher in this example, however the big players are taking positions that over-weigh the markets price momentum. In this example price has broken the previous zoned area and the market has turned BEARISH. Now this doesnt mean it happens every single time, but it happen most of the time. But again having tight stops is important for when price breaks these areas due to the reduced resistance resulting in large price movement.
Learn, a forex trader must, unlearn and relearn he will.