Volatility spent another week in a very
tight range near all - time lows, keeping the bias higher for equities.
Volatility had a fairly stable weak moving in
a tight range near unchanged.
Over the past few weeks, price action has been quiet and volatility has been low, with the price trading in
a tight range near the highs of the base:
Not exact matches
Generally, the best entries present themselves when an uptrending stock is consolidating in a
tight range,
near its 10 - week MA.
Whenever volume suddenly surges so massively as a stock / ETF breaks out above a
tight range, it is the undeniable footprint of institutional buying activity, which acts as a gas pedal to propel the stock / ETF higher in the
near to intermediate - term.
With $ NEWR forming a
tight - base
near the highs its two - year trading
range, let's walk through the charts of multiple timeframes to analyze the breakout setup.
The bar that formed just after the pin bar setup moved down to the 50 % «balance point» of the pin bar, allowing for a
tight entry
near the 50 % balance point of the pin bar's
range.
Then, after four weeks of
tight consolidation
near the high of its
range, the ETF «undercut» support of its 10 - week moving average just two weeks ago, but zoomed right back up to close at the highs of its
range last week.
Stability: Core strength (being able to maintain a
tight core through a squat full -
range of motion, while also keep your arms straight directly your overhead — until your thighs are parallel or
near to the floor)
The bar that formed just after the pin bar setup moved down to the 50 % «balance point» of the pin bar, allowing for a
tight entry
near the 50 % balance point of the pin bar's
range.
The week played out with Gold limping lower but in a
tight range while Crude Oil started higher but fell back to
near even late in the week.
Ethereum (ETH) remained in a
tight trading
range this week
near it's all time high.