This is basically inverted Dollar Index ( DXY ) chart (equal weight against 2 major world currencies EURO and YEN)
Price is likely to fill the extension.
Usually price react at major clean breaking points ( CBR ) or at point of releases (POR). Thats where you should place trades. Never chase price. Trade the reactions.
Sooner or later such liquidity blocks come to exhaustions (low liquidity states, what others call "Bollinger squeeze") and price explodes (breaks out) either side. As we have unfilled extension to the downside - price is likely to push to the downside before US the elections. As investors pull out money from the stocks before such major events, also news. It means stocks will weaken and dollar is likely to strengthen before the elections.
Join PTC club
protradersclub.com/price-action-course/
Price is likely to fill the extension.
Usually price react at major clean breaking points ( CBR ) or at point of releases (POR). Thats where you should place trades. Never chase price. Trade the reactions.
Sooner or later such liquidity blocks come to exhaustions (low liquidity states, what others call "Bollinger squeeze") and price explodes (breaks out) either side. As we have unfilled extension to the downside - price is likely to push to the downside before US the elections. As investors pull out money from the stocks before such major events, also news. It means stocks will weaken and dollar is likely to strengthen before the elections.
Join PTC club
protradersclub.com/price-action-course/