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Range bound market state and accumulation of open orders

Range bound market state and accumulation of open orders
By JohnLast 3305 days ago Comments (2)

Here we have a range bound market state with accumulation of open orders. What is interesting that the orders are not really close to the market range. 

 

Comments

  • JohnLast 3299 days ago

    Here that market state is likely to transform into Range bound and Volatile. Why, because of the configuration of the open orders arround it.

    In fact those accumulation zones act as market attractors that attract the market at those both levels in order to be activated, in that wat there is more liquidity in the market as there is a distribution between the uninformed traders and the market makers (we have all reasons to believe that those levels are produced by uninformed traders and they are the direct product of mass psychology and technical analysis).

    There will be more research needed between the market states and the open orders configuration by uninformed traders.

     

  • JohnLast 3299 days ago

    Damn new patterns start to emerge LOL.