highvolatilityfunnel

mv3trader5

CME_MINI:NQZ2023 - PR High: 14855.50 - PR Low: 14828.00 - NZ Spread: 61.5 No Significant Economic Events Continuing daily inventory decline - Wide session open on low volume compared to prev session - Maintaining NZ range leading into London hours Evening Stats (As of 2:05 AM) - Weekend Gap: +0.08% (filled) - Session Gap 10/18: -0.10% (open > 15060) -...

TraderMD

HVF pattern seems to be developing. Consolidation has developed in the neck of the funnel (aka Channel). Thus far the Smart money seem to have pulled out already indicated by the OBV, and RSI hit overbought levels. Entry @167 for the short, or you could wait at the breakout of the orange funnel. Intraday BIDU as shown impulsive up spike but still has not broken...