1. Concept
After a weekend break, market participants may need to (1) warm up and/or (2) wait for news and clues, before committing themselves to substantial positions in the markets. Hence, the price range of Monday may act as a base for the rest of the week. We will attempt to profit from this tendency of market participants by trading a breakout of Monday’s price range.
After a weekend break, market participants may need to (1) warm up and/or (2) wait for news and clues, before committing themselves to substantial positions in the markets. Hence, the price range of Monday may act as a base for the rest of the week. We will attempt to profit from this tendency of market participants by trading a breakout of Monday’s price range.