I use hourly range charts to analyse the distribution of the market. Range charts make it easier to see the extremes in the chart. I also look at the time and the range of the hour. Statistically, 61.8% time market should range. Also, the market should stay in the same range 61.8% until the next day or session.
Draw your volume profile.
Mark the time of the...
Nasdaq 100 expanded on Thursday engulfing Monday, Tuesday and Wednesday trading ranges. On Friday index expanded on the 15-minute chart as shown above. This can certainly create a big move of more than 100 points in either direction. Yet uptrend is more likely to hold.
If the price moves 100 points how much do you want to risk? 20/30...
NASDAQ 100 GLOBALPRIME: NAS100 price has expanded in the pre-US market hours signalling a short term trend change. Sell trade is a 1:3+ risk to reward trade that will pan out in the US trading session.
Market falls quicker than going up.