Control Price is "A pivotal support or resistance area inside the value area. The best way to think of the control price, or pivotal area, inside of the value area is that it acts like gravity, attracting price above it and below it as long as price is within the vicinity of the value area. In this picture I attempted to draw in several control points and circle...
Good morning,
today i checked out the four-hour-chart and saw that range-in-range effect which we can see many time while the market is running sideways. This effect always has a big range, a small range in between that big range and a neutral area. Those three levels are mostly decisive for the next movement.
What does it mean in this case?
The...