A comment that often precludes “S.O.H.Literally, “Sit On Hands”. A term used when the market is choppy or erratic and the odds of trades on either side of the market (long or short) have low odds of working out due to overall market indecision. This term is used often and is a warning against overtrading. Most professional traders are out of the markets much more than they are in them.”, it is a market phenomenon when fifteen minute bars that are next to each other are lined up and have “bodies” of the same size where the last candle is a mirror image of the previous one. Also described as “Candles Lining Up”, it is a pattern that shows a very choppy market that may be untradeable intraday for the time being due to erratic price action.
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Last Updated: Friday, November 22, 2024