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Reply To: Please explain

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March 10, 2023 at 1:11 pm #62155
FractalFreak
Participant

Hi AJ,

AU was clearly in a squeeze against the DM longies. You can see that pretty easily from the green squeeze line being FAR above the red line. These little shorties were FULLY within the DM tolerance, so I would not try to trade against these. AU came all the way down as expected.

In this example it was pretty easy to see that even on a “day chart scale”, the squeeze was significant (implying an exaggerated downmove whereby the DM tolerance is HIGH, so “small shorties” who got “lucky” are allowed to win).

See here with pointers: