AV
1.7K posts
We have observed heightened market volatility in $RAVE We encourage all users to remain mindful of the associated risks and to exercise caution, particularly when using leveraged positions
Thursday still deserves attention though. When it sells off, there's a clear pattern to when it happens. I looked at all 29 negative Thursdays over the past year, hour by hour. The high usually forms early. About half put in the daily high within the first 3 hours (Asia session). By 7AM UTC, roughly 3 out of 4 have the high locked in. The first 12 hours are usually quite calm. Only about -0.4% cumulative. Then selling accelerates at the London/NY handoff around 12-14 UTC. The worst single hour is 15:00 UTC, averaging -0.51% by itself. From there it continues into the US afternoon. The daily low forms between 16 and 20 UTC about 69% of the time.
