Technical Note | $W | Breaking below the 0.029 level
Definition: There are often many stop-loss orders placed near a key level. If the price moves past it, these stop-loss orders are triggered all at once, and volatility often increases sharply.
Common interpretation: The level itself does not determine whether prices rise or fall. It is more often where buyers and sellers are most actively contending; the eventual direction depends on trading activity.
All indicators describe past market movements, and prices can move in the opposite direction at any time.
#W
Definition: There are often many stop-loss orders placed near a key level. If the price moves past it, these stop-loss orders are triggered all at once, and volatility often increases sharply.
Common interpretation: The level itself does not determine whether prices rise or fall. It is more often where buyers and sellers are most actively contending; the eventual direction depends on trading activity.
All indicators describe past market movements, and prices can move in the opposite direction at any time.
#W