Getting close to green scd band.
Looking closely on smaller time frame . This candles on approaching start gapping up on open, they red but they gapping up on almost every candle- it’s dropping and red , but don’t get confused by red color-it’s buying going on , after spotting this , cut to even smaller time waiting for double gapping separation of cluster of candles- i got one at 32122. And buy little more.
Same approach will be applied if prices keep going down to green scd band.
It’s a daily frame so big buying will reveal it self on smaller time frame as clusters of candles get separated by gapping.
Don’t have to be this small .it can be 2min or 5min chart.
Once price going down as red candles to strong support level, but candles gapping up on open let’s say on 5min- it’s mean no power behind the drop, and it will tell that reversal could happen soon , look and wait for reversal on smaller time frames maybe 2min or 1min chart.
And opposite if price goes down to support level and candles gapping down on open-this support level getting weak and may not hold decline.
Looking closely on smaller time frame . This candles on approaching start gapping up on open, they red but they gapping up on almost every candle- it’s dropping and red , but don’t get confused by red color-it’s buying going on , after spotting this , cut to even smaller time waiting for double gapping separation of cluster of candles- i got one at 32122. And buy little more.
Same approach will be applied if prices keep going down to green scd band.
It’s a daily frame so big buying will reveal it self on smaller time frame as clusters of candles get separated by gapping.
Don’t have to be this small .it can be 2min or 5min chart.
Once price going down as red candles to strong support level, but candles gapping up on open let’s say on 5min- it’s mean no power behind the drop, and it will tell that reversal could happen soon , look and wait for reversal on smaller time frames maybe 2min or 1min chart.
And opposite if price goes down to support level and candles gapping down on open-this support level getting weak and may not hold decline.
