Markets tend to hunt liquidity and so there are often gaps that need to be filled before the market moves on.
In summer 2021 the market went back to fill the gap shown as "A". We printed many daily candles in there, exhausting selling pressure. We found a bottom and moved on.
On the way down area A is considered "exhausted" therefore the market has no interest to debate again over the same area. Bulls won, they took us to 3T, they failed to go higher and so their reign was over.
This is why our stay in area A on the way down was short-lived.
It's summer 2022 and the market has finally reached contested area "B".
Bulls and Bears will once again fight for this area.
The winner will show us the way! (If sellers are exhausted in this area, we have our the market cycle bottom)
In summer 2021 the market went back to fill the gap shown as "A". We printed many daily candles in there, exhausting selling pressure. We found a bottom and moved on.
On the way down area A is considered "exhausted" therefore the market has no interest to debate again over the same area. Bulls won, they took us to 3T, they failed to go higher and so their reign was over.
This is why our stay in area A on the way down was short-lived.
It's summer 2022 and the market has finally reached contested area "B".
Bulls and Bears will once again fight for this area.
The winner will show us the way! (If sellers are exhausted in this area, we have our the market cycle bottom)
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.