Symbols must have a last price greater than 0.10. market) or top 200 symbols (Canadian market) with high options volume. The second strong bullish green candle occurred with a sharp increase in open interest, interpreted as a strong bullish signal that price increases might occur in the future.The Most Active Options page highlights the top 500 symbols (U.S. Seemingly, there was not much strength behind the price decrease. Notice that after the first sharp run-up, open interest decreased during the price retracement. The chart below of the Dow Jones Industrial Average mini-Dow futures contract illustrates two examples of price increases with corresponding increases in open interest: In this mini-Dow futures chart, there is a strong increase in price with an equally bullish increase in open interest. Interpretation In Practice: mini Dow Futures If price decreases and open interest decreases, then there is weakness behind the price move lower.If price increases and open interest decreases, then there is weakness behind the price move higher.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |