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Daytona beach Florida
Posts: 84 since Jun 2017
Thanks Given: 35
Thanks Received: 32
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Crude has a tendency to take off at least once in either direction between 5-7 am EST then again sometime between 9am -2pm EST during the us session. It's within reason to encounter a run of 30-60 occasionally 90 ticks when momentum from trade executions of either lifted offers or hit bids from larger time frame participants and some locals start to enter the markets and pyramid in positions. This is when the "popping" starts occurring, in my opinion. Once the buyers or sellers have exhausted themselves, usually at the complete opposite end of the current and prior days distribution. The opposing sellers or buyers start to stabilize the move. Causing a consolidation.
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