A "Volatility Squeeze" occurs when the volatility of a share falls below its recent levels. A fall in volatility usually means that the share is in a period of consolidation and trending in a narrow range.
Such a scenario increases the likelihood of a break either to the upside or the downside.
Higher highs and higher lows, together with a test of the 200-day simple moving average support a break to the upside.
A price action above 4400 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Remains a risky trade.
Such a scenario increases the likelihood of a break either to the upside or the downside.
Higher highs and higher lows, together with a test of the 200-day simple moving average support a break to the upside.
A price action above 4400 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Remains a risky trade.