Some pretty big volatility near the end of the day. Over the past 5 sessions the moving averages have had a bearish orientation (on 15-min. chart), where some high probability trades were present in rallies off of previous support or sell-offs away from the 50-EMA (on 15-min. chart).
The majority of the morning was spent chopping around
pivot support that led into a consolidation triangle, failure of which brought price to previous day support (a momentum divergence hinted at a turn-around after the
hammer candlestick).
The Q's were left with an indecisive
high wave candle and holding on to trend-line support levels.
I would assume we move decisively in one direction or another tomorrow.
The majority of the morning was spent chopping around pivot support that led into a consolidation triangle, failure of which brought price to previous day support (a momentum divergence hinted at a turn-around after the hammer candlestick).
The Q's were left with an indecisive high wave candle and holding on to trend-line support levels.
I would assume we move decisively in one direction or another tomorrow.
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