Is it calm before the storm ?
Very narrow downtrend channel, very low volatility ( like not bitcoin compare to current stock volatility :) )
and we may stay within that tiny range for longer but...
I'm looking for the range to expand soon. My favorite scenario ( violet arrows ): market will look for stops below 6400/6350
with strong rejection... Unfortunately if we are not going to see that rejection 6000/5800 might be next ( red arrows ).
Very narrow downtrend channel, very low volatility ( like not bitcoin compare to current stock volatility :) )
and we may stay within that tiny range for longer but...
I'm looking for the range to expand soon. My favorite scenario ( violet arrows ): market will look for stops below 6400/6350
with strong rejection... Unfortunately if we are not going to see that rejection 6000/5800 might be next ( red arrows ).
