1. buyers push up to 2
2. sellers enter with good conviction ,
they push price down, and in fact push it BELOW
#1 buyers, defeating the genesis of the #1 buyers
3. interestingly, there is a lack of structure, due to
HIGH conviction and now we defeat the sellers from 2
what do I think will happen ?
* the break below #1 was not enough for me to say this
is an expanding formation and we will see HH and LL's
* for me the extreme and one sided move from 3-4 points
to liquidity being grabbed
* therefore, will we pullback or go higher ?
* I think we will spike the zone below briefly then go up
* or close in that zone and complete it and then go up
* it really depends on price action, we have to remember
high volitility moves are often followed by measured and
slow chart movements, the question is, is the high volitility
move over yet, due to the suspect liquidity grab, I think the
answer is no. a stop order above 4 is appropriate and logical
* over the pas 2500 bars we have had a 69% success rate in price following
through to the end for bullish moves, using chaos theory trading zones, if price closes in that zone, and it did here, so we have then 69% follow through success even without the logic of this trade, making it very good in my opinion. Plus we get to stop enter and avoid any
potential wick out stops.
2. sellers enter with good conviction ,
they push price down, and in fact push it BELOW
#1 buyers, defeating the genesis of the #1 buyers
3. interestingly, there is a lack of structure, due to
HIGH conviction and now we defeat the sellers from 2
what do I think will happen ?
* the break below #1 was not enough for me to say this
is an expanding formation and we will see HH and LL's
* for me the extreme and one sided move from 3-4 points
to liquidity being grabbed
* therefore, will we pullback or go higher ?
* I think we will spike the zone below briefly then go up
* or close in that zone and complete it and then go up
* it really depends on price action, we have to remember
high volitility moves are often followed by measured and
slow chart movements, the question is, is the high volitility
move over yet, due to the suspect liquidity grab, I think the
answer is no. a stop order above 4 is appropriate and logical
* over the pas 2500 bars we have had a 69% success rate in price following
through to the end for bullish moves, using chaos theory trading zones, if price closes in that zone, and it did here, so we have then 69% follow through success even without the logic of this trade, making it very good in my opinion. Plus we get to stop enter and avoid any
potential wick out stops.
for trading mentorship and community, message me on telegram : jacesabr_real
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
for trading mentorship and community, message me on telegram : jacesabr_real
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.