$WAL 15-minute open interest increased by 3.84%, while the price rose by 2.64%.
When both price and open interest rise, it suggests aggressive long positions; when price falls while open interest rises, it suggests aggressive short positions. If the price is unchanged while open interest rises, it usually means something big is brewing.
From a structural perspective, this move needs to be assessed alongside the daily chart structure. Anomalies on shorter timeframes can easily reverse.
#WAL
When both price and open interest rise, it suggests aggressive long positions; when price falls while open interest rises, it suggests aggressive short positions. If the price is unchanged while open interest rises, it usually means something big is brewing.
From a structural perspective, this move needs to be assessed alongside the daily chart structure. Anomalies on shorter timeframes can easily reverse.
#WAL