Bot says go long here. Good confluence with liquidity patterns above (too many shorts got away too easily on the dump)
Other noteworthy things is BB deviation, the fact that BB width is contracting (preceding volatility) and orderflow (not shown here is) is indicating that market selling is being absorbed by limit bids at this level.
Expectations: will reach the upper level of this range and liquidate shorts. Will re-evaluate after that.
Other noteworthy things is BB deviation, the fact that BB width is contracting (preceding volatility) and orderflow (not shown here is) is indicating that market selling is being absorbed by limit bids at this level.
Expectations: will reach the upper level of this range and liquidate shorts. Will re-evaluate after that.
Comment:
Made about 200 point move from entry and was pulled down by equity market weakness. Took profit and closed the trade but will likely re-enter before CME open.