Supply looks very light here.
You can also see the pattern. Notice that there are 2 absolutes here: There is the lowest volume of the day (Session divider) and there is the area of the most activity. This activity happen around the same time of day. everyday. Usually the main move of the session comes at/around that time around 0900-1100 hrs eastern time.
Will see if price crosses into any of these traps that are se. As usual in order to even consider a long entry, the RSI needs to be at or below the midline of the RSI channel, preferably below the 25 level.....
Look at what pice does immediately after RSI hits the 25 level. RSI is not reliable on its own. Its just a way to see if the trading range is maxed out.
Last, Phase B takes place starting at the session divider (*IMPORTANT).
You can also see the pattern. Notice that there are 2 absolutes here: There is the lowest volume of the day (Session divider) and there is the area of the most activity. This activity happen around the same time of day. everyday. Usually the main move of the session comes at/around that time around 0900-1100 hrs eastern time.
Will see if price crosses into any of these traps that are se. As usual in order to even consider a long entry, the RSI needs to be at or below the midline of the RSI channel, preferably below the 25 level.....
Look at what pice does immediately after RSI hits the 25 level. RSI is not reliable on its own. Its just a way to see if the trading range is maxed out.
Last, Phase B takes place starting at the session divider (*IMPORTANT).