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
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
for trading mentorship and community, message me on telegram : jacesabr_real
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.