Monday, September 22, 2008

A few words on MM Stall level


Just took a quick snapshot on EURUSD to illustrate the MM stall level.

On two recent occasions, EURUSD reached MM stall level, bounced and came back to hit the major MM support/resistance level. This is a particular setup quite common in fast markets, especially when the pivot level seems unusually soft. Note however that prices sometimes do not come back to the major levels and bounce directly from stall level (H&S, C&H etc.).