Daily is one time framing down as the 5-day balance was breached to the downside. The current short-term control is in favor of the sellers as long as Friday's gap remains unfilled.
Smash, a computer-related question. What rig do you have for your setup? A lot of RAM and a high CPU? I know Sierra recommends 16GB of memory and a 4-core CPU, but they say the more, the better. What do you have? Thanks a lot!
The way I look at this is a gap was created because new information came into the market . In this case it was hot PPI data . A gap is a form of excess. If that gap is closed and price accepted back inside the prior range the market Is saying new information not quite as important as first thought, or new information has negated it . All participants who shorted that data release late are now caught short and forced to cover
Smash, a computer-related question. What rig do you have for your setup? A lot of RAM and a high CPU? I know Sierra recommends 16GB of memory and a 4-core CPU, but they say the more, the better. What do you have? Thanks a lot!
So this creates a lot of interest in that area and a move away from it (in either direction) is likely
The way I look at this is a gap was created because new information came into the market . In this case it was hot PPI data . A gap is a form of excess. If that gap is closed and price accepted back inside the prior range the market Is saying new information not quite as important as first thought, or new information has negated it . All participants who shorted that data release late are now caught short and forced to cover
Hi smash! It's a very fundamental question.
Why does the market fill a gap or poor structure? What do buyers and sellers get out of it?