The lowest bid and the highest bid= Trading Range Formation I am still working on this theory and this is only and small part of the original work ... From my point of view RSI Oversold or Overbought play the role of the Market Maker levels to act when supply and demand overpower each other, the time to stabilize the market before continuations of an uptrend or downtrend and that's why this indicator is so famous... If you know how the market work you probably will understand it . I will discuss more of this in the future... Follow me for updates on this theory.
HFT=HIGH FREQUENCY TRADING FILL OR KILL ORDER: A LARGE QUANTITY OF ORDER THAT NEED TO BE FILL ENTIRELY OR CANCEL ... HFT MADE THIS POSSIBLE IN MILLISECONDS finding a big buyer before affecting prices in our real world...Up to you guys to decide but the true is that we are only less than 12% in the trading environment. Institutions ,Corporations , Banks, Hedge Funds made the difference.
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Still room to grow, $1280 is a reality.
Trade wurde manuell geschlossen
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I am out folks tomorrow is a bear day...The sell limit order is being absorbed but not strong enough....It may go back to $1265 or lower by end of week... $1250 is strong support but this time it will be looking for $1248 to fill other buy orders. After that it will continue the uptrend
I am looking at shorting if it breaks through cloud
UnknownUnicorn762819
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@DMC, you know the game bro better to lock profits but this is a process and i believe there is a reason to hit $1280... The 4hour timeframe is setting up for a nice run
DMC
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@asabastian, yes indeed
DMC
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@DMC, I am just looking at a larger picture but there is nothing wrong with that