The market is quiet, and various indicators may fail

In the past few days, the overall trend has been in a process of oscillation from the 4-hour chart to the daily chart. Both the volatility and trading volume have decreased significantly.

The volatility in the last week was only about 3000 points. In this situation, moving averages tend to converge, and the indicators of overbought and oversold are not obvious. Overall, both bulls and bears are evenly matched, and their fighting desire is gradually decreasing. This trend is unfavorable for both swing trading and trend trading.

In such a market, if you want to trade, you can only go back to the 5-minute chart for range trading. Do not chase highs and sell lows; otherwise, frequent losses will make you very uncomfortable.