Sharp move down, bounce, now stuck rotating mid range. No real follow through in either direction. When they all compress like this together, it’s usually positioning being reset across the board. Market’s building fuel. As long as range highs and lows remain intact, this is still chop territory. The next meaningful move likely comes from a sweep of one side’s liquidity - not from headlines. Until then, it’s a range. Trade it like one.
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All majors doing the same thing.
Sharp move down, bounce, now stuck rotating mid range. No real follow through in either direction.
When they all compress like this together, it’s usually positioning being reset across the board. Market’s building fuel.
As long as range highs and lows remain intact, this is still chop territory. The next meaningful move likely comes from a sweep of one side’s liquidity - not from headlines.
Until then, it’s a range. Trade it like one.