On the chart you can see Monday's range marked. Price tends to respect this range often. Price may be deviating bellow the range, for a pump to happen we need however to tap the liquidity that the Equal Lows have created.
In order to enter a long it would be wise to wait for price to close above the range and long the retest of it. Vice Versa for short positions. Do not get chopped trying to go long/short during this consolidation phase since the chance that you get chopped is quite high.
In order to enter a long it would be wise to wait for price to close above the range and long the retest of it. Vice Versa for short positions. Do not get chopped trying to go long/short during this consolidation phase since the chance that you get chopped is quite high.
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