This screen shot is from Monday 18th March and it has all the characteristics of ranging PA
- 169 is running straight through the middle
- price is inside Neutral Zone/RES 1 to SUP 1
- new highs and lows and get bought and sold respectively
- pin-bars give reasonable signals – especially dojis and failed bull- and bear bars
As expected, the trades that worked today were those that expect the marekt to take the path of least resistance and to mean-revert i.e. fade gap fill and 3Min Bolli.
