On Friday, trends that exit the afternoon bias window beyond the noon hour extreme then often continue to new session extremes into the close.
This setup is one of the Friday Factors, which are different effects of the weekend’s impending illiquidity.
See for yourself:
This setup has occurred on the following dates:
- 4-16-21
- 05-14-21
- 06-11-21
- 6-25-21
- 9-24-21
- 10-01-21
- 1-21-22
- 02-11-22
- 03-11-22
- 3-18-22
- 4-22-22
- 4-30-22
- 05-06-22
- 6-24-22
- 07-01-22
- 7-22-22
- 08-12-22
- 8-26-22
- 09-09-22
- 9-23-22
- 9-30-22
- 10-07-22
- 10-14-22
- 10-21-22
- 10-28-22
- 11-04-22
- 11-11-22
- 01-06-23
- 1-13-23
- 1-20-23
- 1-27-23
- 02-03-23
- 2-17-23
- 03-03-23
- 3-24-23