After a sharp move, the market usually enters a consolidation phase. How it consolidates determines which way the next leg will go.
Here’s an example: $Lobster plunged 3.75% in 5 minutes to 0.04209. Getting the direction right is only the first step; managing the timing is what determines the outcome.
Don’t use this as a basis for trading.
Here’s an example: $Lobster plunged 3.75% in 5 minutes to 0.04209. Getting the direction right is only the first step; managing the timing is what determines the outcome.
Don’t use this as a basis for trading.