Watch the money, not the talk: $W loses the 0.015 level
Key levels are often surrounded by clusters of stop-loss orders, and big players love to make their move in places like this: first, they may push the price below the level to trigger long positions’ stop-losses, then pull it back up; or they may ride the momentum and break through to make a further move. To tell the two apart, watch which direction trading volume is concentrated in above and below the price.
#W
Don’t take what I say as investment advice.
Key levels are often surrounded by clusters of stop-loss orders, and big players love to make their move in places like this: first, they may push the price below the level to trigger long positions’ stop-losses, then pull it back up; or they may ride the momentum and break through to make a further move. To tell the two apart, watch which direction trading volume is concentrated in above and below the price.
#W
Don’t take what I say as investment advice.