Hello dear traders and investors,
We had price locked in liquidity box ( price was gathering traders), after long move.
As far as we all know - price need fuel to move, the key for now is accumulation phase. We have to ask our self is destribution phase on the go? Or its just an another provocation?
We will get our answer on fibo extension:
I will follow up price with volume profile and price formations,
Look for following updates on this idea below !
We had price locked in liquidity box ( price was gathering traders), after long move.
As far as we all know - price need fuel to move, the key for now is accumulation phase. We have to ask our self is destribution phase on the go? Or its just an another provocation?
We will get our answer on fibo extension:
- If we retrace between fibo 40% and 61.8% - most likely we will get back to our liquidity box
- If we go above fibo 80% - most likely we will bounce from the upper border
I will follow up price with volume profile and price formations,
Look for following updates on this idea below !
Let's have a look on Weekly and Monthly ATR.
It will give us a little tip on what to expect each week of the movement.
When u got the general direction of the market, using weekly ATR, you will understand Timings and when to add more lots.