Chart - TA, page-2797

Agreed, however delays won't see UK roll this out till end Q1 '23

Europe potentially delaying till '25 from memory.

All the more reason I watch levels a lot more than news.

The financial institutions are the main players in each consolidation range - this is important for the point you make.

Bigger positions cannot be entered/exited in one trade or else the price would explode - that's why it's important to see which levels hold most significance to next move.

What price to expect a drift back toward on lower volume to add to position (short or long)?

And what price shall be defended or attacked.

Example : if $1B dollar position was taken on XYZ at $1 then the price ran to $1.10

If price were to drift back to $1 on only $200M then you can bet the billion dollar buyer won't be letting it drop through that level and more than likely were there ones that burnt some cash to push it back down to load up some more - at the very least will defend the position...

Obviously would change dynamics if that billion dollar position was loading a short position and the run to $1.10 was a bull trap...

Quite a simplistic example but hopefully you get the idea on why levels are important.

Going back to your point and potentially makes a case for ST bears or long consolidation in preparation for LT bulls?

Honestly don't know the answer there so I'll just stick to what I know.

It is certainly possible to be both bear and bull on one stock or sector (trader/investor) - just having different timelines on each view and hopefully maximizing gains if you know what you're doing...

All the best mate.