Hello Traders!
We know that these markets are not random and have an algorithmic structure to them.
Sunday Opening Price is important to keep in mind when day trading or swing trading.
Each new trading week the market will reset its oversold and overbought levels.
S.O.P (Sunday opening price) allows us to see those levels WITHOUT INDICATORS!
Anything above S.O.P is premium (overbought) and anything below is discount (oversold).
When bullish we are seeking buying opportunities under S.O.P.
Mon., Tue., and Wed is typically going to give you the low of the week.
Thursday is typically going to give you the high of the week then give a mid-week reversal.
Friday can also pose to give the high of the week or follow Thursdays reversal trend.
The same can be said when in bearish conditions, just vice versa.
We know that these markets are not random and have an algorithmic structure to them.
Sunday Opening Price is important to keep in mind when day trading or swing trading.
Each new trading week the market will reset its oversold and overbought levels.
S.O.P (Sunday opening price) allows us to see those levels WITHOUT INDICATORS!
Anything above S.O.P is premium (overbought) and anything below is discount (oversold).
When bullish we are seeking buying opportunities under S.O.P.
Mon., Tue., and Wed is typically going to give you the low of the week.
Thursday is typically going to give you the high of the week then give a mid-week reversal.
Friday can also pose to give the high of the week or follow Thursdays reversal trend.
The same can be said when in bearish conditions, just vice versa.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.