Joined Oct 26, 2011
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would the location of the compression ie down at the extreme range extension/long shadow on Jan 24th, mean anything or give you an expectation?
I will tend to give the edge to the higher timeframe IE sellers to break the compression. what was interesting about this morning was the weak high, which we took out before the sharp move lower, now its trying to reclaim the compression and sellers are defending
I’m starting to see how you ‘read’ the narrative in these locations, thanks