DESCRIPTION
This heatmap is characterized by having multiple prominent nodes of positive and negative values, in many cases bearing a resemblance to a rainbow. Another distinct feature of this heatmap is the lack of a clear range for price to trade within, heralding choppy and erratic price action.HOW TO APPROACH
It is highly advisable to avoid trading when positioning is vague. Instead, wait for a higher probability setup to form.- Example 1
- Example 2
- Example 3
