The market is as quiet as a sheet today. $UNI , ARB... glance and you can tell bulls and bears are playing Go, just waiting for the right moment š. When the Bollinger Bandwidth tightens, it means the price is being compressed like a springāthe force released will be very strong. Big volatility is only a matter of time, sooner or later.
Quick scan on the 4H timeframe: $UNI with bandwidth at 5.50% is in the top 5% tightest levels over the past two months. RSI 51.4 is also hovering in mid-air. Its resistance level is $9.319, and its support is $8.516. With compression like this, the probability of a strong breakout is fairly high. Next up is ARB, bandwidth 6.05% (top 6%). Price is $0.2048, resistance $0.2163, support $0.1957. The gold pairs XAUT and PAXG are also tightly compressed by 1.25% (top 10%). For XAUT: resistance $4,216.93, support $4,129.99. For PAXG: resistance $4,223.77, support $4,134.70.
Most importantly, compression tells us a move is coming, but it does NOT indicate the direction. If anyone has time to guess the top and bottom, feel free to try. Iāll just wait for the 4H candle to close clearly above resistance $9.319 for $UNI , then look for a long; or if it breaks below $8.516, follow the short side. This setup must place stop-losses on both endsādonāt dream about taking a small profit too early š¤.
Which direction are you all watching for $UNI ?
Quick scan on the 4H timeframe: $UNI with bandwidth at 5.50% is in the top 5% tightest levels over the past two months. RSI 51.4 is also hovering in mid-air. Its resistance level is $9.319, and its support is $8.516. With compression like this, the probability of a strong breakout is fairly high. Next up is ARB, bandwidth 6.05% (top 6%). Price is $0.2048, resistance $0.2163, support $0.1957. The gold pairs XAUT and PAXG are also tightly compressed by 1.25% (top 10%). For XAUT: resistance $4,216.93, support $4,129.99. For PAXG: resistance $4,223.77, support $4,134.70.
Most importantly, compression tells us a move is coming, but it does NOT indicate the direction. If anyone has time to guess the top and bottom, feel free to try. Iāll just wait for the 4H candle to close clearly above resistance $9.319 for $UNI , then look for a long; or if it breaks below $8.516, follow the short side. This setup must place stop-losses on both endsādonāt dream about taking a small profit too early š¤.
Which direction are you all watching for $UNI ?
