If you watch price on QQQ or SPY, you will see a strong price battle going on between buyers and sellers. Daily timeframe, the question of course is whether PPI tomorrow causes another gap down or a reversal back up towards upper resistance line.
RSI and stochastic do not provide a reliable directional signal right now; all the more reason for caution in your trades.
Morning/Evening all!
BTC has entered a very choppy range, which means the price moves in a tight range bouncing between many levels chopping positions of all market participants, shorts and longs alike.
In this picture I have marked and mapped the choppy areas as well as the zones that should be considered Resistance and Support.
There are two ways to use this...