The December e-mini S&P stock index futures daily chart has seen a big and bearish pennant pattern develop, following
recent volatile price action.
Yesterday's
highly volatile price action, which followed sharp declines in the two previous sessions, was the leg down that saw the stock touch the 50 % retracement level of the 2015 range.
Last time there was
volatile price action over Thursday and Friday as the BoE decided policy, released data, and announced their decisions and rationale.
Update 2013-06-07 14:11 GMT: I have cancelled the pending order for this trade setup as the
recent volatile price action has invalidated the pattern.
Traders are likely in for another very active day, and not just because of
the volatile price action, but also thanks to the busy economic calendar.
To put
this volatile price action in perspective, bitcoin was trading in the mid - $ 200s in September and much of October.
Trading the UK's Construction PMI with the Arrows Signal indicator is a unique strategy that tries to carefully capture profits from
the volatile price actions that resonates from the release.
For its self - regulatory part, Coinbase policy requires only well - regulated, stable, and well - known coins to be listed on its platform, as to avoid any unstable,
volatile price action from unknown altcoins causing the press to speak negatively about it.
In addition i regularly experience loss of service during
volatile price action.
Regardless of the weekend's
volatile price action, however, both Preiss and CNBC now appear to have more time for the virtual currency.