josi wrote: Wed Apr 01, 2020 4:00 am
So you think it will be coming down soon.
It has been in a range for quite some time - and I was waiting for something to happen.
It is at the lower end of the range right now with a downward bias - but the slippage, man, the slippage has been crazy for some time.

Yes I think it will be falling for the rest of the week. We had quite a range period from the 26th of March..I agree the slippage can be quite high also noted high spread as well on some indices and currency pairs...However, I have attached my hourly chart below, you will notice that the range all happened in the shape of a pennant pattern ( we had price above the 200 ma but Psar was above price at this point-trade system range)..forl selling conditions to be met we were only waiting for price to break below the 200MA with rsi momentum also falling below the 50 level...Unfortunately,I only spotted the first selling opportunity long after the fact; however, I anticipate a retracement to follow soon, which should allow us to rejoin the now bearish trend and sell as well... I will be posting the setup as it unfolds probably tomorrow during the london session...