1->3 : we create a double top with the area above 1 and 3 being a
pressure zone pushing price down
2: this is the low created when sellers entered the first time
4: the is the low created when sellers entered the second time
3 : due to the fact that the sellers that originated from 3 created a lower low ,
from the buyers that came from #2, this is now the strongest market participant,
3 is currently in control of the market, the sellers from there, until proven otherwise
4->5 : we return to the solid major sellers at 3 , this is a great opportunity to
take a trade to the downside, logically this is the move
5 : I don't like the fact that there is not much visable activity from sellers , but ,
due to the one sided highly volitile rush up, this usually proceeds with a slower
controlled opposing move, supporting the downside.
* what do I think will happen ?
* we will break the 4 low I suspect, or if not then ossolate in this range of 1-4
* over the past 2,500 bars, if price closed below a zone, it has a 54% chance to reach
the next orange zone below. you can manually verify this via reducing the lookback
period. this is not a great confluence as its almost a coin flip, but I do like that we can
break even after we clear the first orange zone , as a return to this zone up if we
break below would surely be bad news for sellers.
pressure zone pushing price down
2: this is the low created when sellers entered the first time
4: the is the low created when sellers entered the second time
3 : due to the fact that the sellers that originated from 3 created a lower low ,
from the buyers that came from #2, this is now the strongest market participant,
3 is currently in control of the market, the sellers from there, until proven otherwise
4->5 : we return to the solid major sellers at 3 , this is a great opportunity to
take a trade to the downside, logically this is the move
5 : I don't like the fact that there is not much visable activity from sellers , but ,
due to the one sided highly volitile rush up, this usually proceeds with a slower
controlled opposing move, supporting the downside.
* what do I think will happen ?
* we will break the 4 low I suspect, or if not then ossolate in this range of 1-4
* over the past 2,500 bars, if price closed below a zone, it has a 54% chance to reach
the next orange zone below. you can manually verify this via reducing the lookback
period. this is not a great confluence as its almost a coin flip, but I do like that we can
break even after we clear the first orange zone , as a return to this zone up if we
break below would surely be bad news for sellers.
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.