I’ve been noticing some strange price action on Monday mornings and I’m unsure if it’s just me or if this happens often. It sometimes feels like the market is still waking up after the weekend and hasn’t made up its mind about the direction yet.
I’ve heard some traders avoid trading during the first few hours on Monday because the market is “finding its direction” after the weekend gap, while others embrace the volatility and dive right in.
What has your experience been like with trading on Monday mornings? Do you see any different behaviors compared to other days? Should I be cautious during this period, or am I overthinking it?
As a newcomer to trading, I might just be noticing patterns that aren’t really there, but I’m eager to hear insights from more experienced traders regarding Monday market psychology.