Price Action of the Day
Hang Seng HSI Futures 5min chart
The opening gap setup this particular WRB price action to become a key change in supply and demand as described in tutorial chapter 3. The resistance gets further confirmed by other WRB's being followed by long shadows and small intervals...
All representing declining volatility along with confirming the WRB Resistance Zone as a price congestion area as the market changes from demand to supply.
Simply, WRB S/R Zones can be very dynamic...they can identify trend reversals, trend continuations or congestions.
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Note: The "price action of the day" is just a simple trading tip (not an entry signal) that correlates with some of the concepts being taught in the strategies (VTR, STR, APAOR or AJCTR) and WRB Analysis Tutorials.
Simply, the purpose for this trading tip is to encourage questions by those that have a sincere interest in purchasing TheStrategyLab.com education materials to learn advance trading concepts and advance understanding of the price action.
Further, if you're already a fee-base client...do not join this discussion forum. Instead, if you have questions about this trading tip...post a link to this message post at your private forum for fee-based clients and I'll respond at your forum.
Regards, M.A. Perry
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