$UAI 15-minute open interest increased by 11.36%, while the price rose by 37.5%.
When the price barely moves but open interest swings sharply, it usually means bulls and bears are adjusting their positions, which can be followed by a sudden move.
A genuine trend needs to be confirmed by a series of swing highs and lows; one or two candlesticks are just an early sign.
When the price barely moves but open interest swings sharply, it usually means bulls and bears are adjusting their positions, which can be followed by a sudden move.
A genuine trend needs to be confirmed by a series of swing highs and lows; one or two candlesticks are just an early sign.