Locked-in Range Analysis:
Preference: Long positions above support Locked-in Range.
Preference: Short positions below resistance Locked-in Range.
Alternative scenario: After the LR Cancellation look for opportunities for opening positions by a direction of a breakout
About Locked-in Range Analysis
LRA is the method of interpreting the price and volume chart to determine the direction of the prevailing volume of open positions, the imbalance of which will enlighten you to future market behavior.
Locked-in Range is the trading range in which the volume of open positions accumulates, making the price change to the side where the prevailing volume of open positions will be locked at a loss, because the price will no longer allow to close in profits or break-even.
Resistance LR is the locked-in range in which the volume of open buy positions prevails, and it is profitable for the market maker to quote prices below the range.
Support LR is the locked-in range in which the volume of open sell positions prevails, and it is profitable for the market maker to quote prices above the range.
Important
Current Locked-in Range Analysis is 7 days delayed
Preference: Long positions above support Locked-in Range.
Preference: Short positions below resistance Locked-in Range.
Alternative scenario: After the LR Cancellation look for opportunities for opening positions by a direction of a breakout
About Locked-in Range Analysis
LRA is the method of interpreting the price and volume chart to determine the direction of the prevailing volume of open positions, the imbalance of which will enlighten you to future market behavior.
Locked-in Range is the trading range in which the volume of open positions accumulates, making the price change to the side where the prevailing volume of open positions will be locked at a loss, because the price will no longer allow to close in profits or break-even.
Resistance LR is the locked-in range in which the volume of open buy positions prevails, and it is profitable for the market maker to quote prices below the range.
Support LR is the locked-in range in which the volume of open sell positions prevails, and it is profitable for the market maker to quote prices above the range.
Important
Current Locked-in Range Analysis is 7 days delayed