Im testing out a trading setup based on market understanding.
We had a wide
value area today for 64 points. Now combining this information with the fact that we had a %TREND of 60.78% yesterday, I am interested in finding out the percentage of time the markets will remain inside of value.
Today the markets chopped around all over the place inside value. This seems to occur alot after a nice trend day with a wide
value area.
The markets did provide good long opportunities from the value low pivot but it spend some time trending in between
VAH and
VAL respecting the daily pivot a number of times.
This analysis will be continued....