News, right!RplusT wrote: Fri Sep 02, 2022 10:53 pm Yes, but you got me wrong. I was referring to the numbers and the reaction to that.
For a technical trader this was - I would say - a typical example of a MMO (measured move objective; one can see it very well on H1):
"This combination of impulse/retracement/impulse pattern leads to a three-legged structure that should be considered the standard trend structure. A rough profit target for the follow-through leg, the trend leg following the pullback, is the so-called measured move objective (MMO), which assumes that the CD leg in Figure 3.12 will approximately equal the length of the AB leg.
Treat this relationship as a rough guideline; all proportions and ratios work in markets simply because they express the magnitude of fluctuations that are normal for any particular market."
And after the test of the daily TF price moved where everyone expected it to go.