$BAT 5-minute open interest increased by 4.09%, while the price rose by 3.08%.
Rising prices with rising open interest suggest aggressive longs; falling prices with rising open interest suggest aggressive shorts. When the price is flat but open interest rises, something big is usually brewing.
A genuine trend needs a series of swing highs and lows to confirm it; one or two candlesticks are just the beginning.
How you trade is up to you—I'm just sharing my thoughts.
Rising prices with rising open interest suggest aggressive longs; falling prices with rising open interest suggest aggressive shorts. When the price is flat but open interest rises, something big is usually brewing.
A genuine trend needs a series of swing highs and lows to confirm it; one or two candlesticks are just the beginning.
How you trade is up to you—I'm just sharing my thoughts.