Here I have the S&P Micro Futures showing consolidation in a tight range with about a 200 point spread to trade in. I have created this box to warn traders especially novice traders that this is a dangerous trade zone meant to grab liquidity (take your money). I would highly suggest to sit on your hands and wait for the price action to move out of the Liquidity Grab Box with a confirmed candle body close above or below the zone, at least 30 - 60 mins and with volume before taking a trade.
It seems that this consolidation is setting up for the next drop lower or higher depending on the tariff/trade war data we receive. Good Luck to all, preserve your capital and let the setups come to you, don't chase the price action, it will lead you into a trap.
It seems that this consolidation is setting up for the next drop lower or higher depending on the tariff/trade war data we receive. Good Luck to all, preserve your capital and let the setups come to you, don't chase the price action, it will lead you into a trap.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.