A "Volatility Squeeze" occurs when the volatility of a market falls below its recent levels. A fall in volatility usually means that the market is in a period of consolidation and trending in a narrow range.
Above 1790 supports a bullish trend direction. Breaking below this level will negate the bullish stance.
Also, note how the price action remains close to the lower range of the linear regression channel pattern - which increases the likelihood of a mean reversion trade.
Furthermore, the 200-day might be acting as a base.
Remains a risky trade.
Above 1790 supports a bullish trend direction. Breaking below this level will negate the bullish stance.
Also, note how the price action remains close to the lower range of the linear regression channel pattern - which increases the likelihood of a mean reversion trade.
Furthermore, the 200-day might be acting as a base.
Remains a risky trade.