ADA: IMPORTANT Follow Up After Yesterdays Publication
Hi Everyone! Simply providing that follow-up video I said I would provide during yesterday's video publication. The Red and Blue Lines in the NEW 4-Day candle did not move up very much at all. Which means, the 4-Day still has a lot of work to do. The White Energy in the 3-Day has moved up higher but we need the Red Line in the 3-Day to move up to within striking distance of Yellow Level 50. Why? To indicate the price action go rise above Yellow B-Band Basis. Well, the likelihood of the Red Line in the 3-Day rising above Yellow Level 50 before the White Energy exhausts is very unlikely. Which would mean the Yellow B-Band Basis would be our Ceiling of Resistance "IF" we were to get a move upward in the 3-Day.
The Yellow B-Band Basis in the 3-Day is currently at $0.35 cents. So, if we did get a move upward eventually, we can anticipate the price action turning back down from the Yellow B-Band Basis if the Red Line is not ready to go above level 50 at the time the price action potentially makes it up above level 50.
The Red and Blue lines in the 24-hour have a chance of going above Level 50 the next 24-hour candle. Which begins in approximately 3 hours from this writing. If the red and blue lines can rise above level 50 the NEXT 24-hour candle with the Green still rising, we would have a chance for Stage 1 Expansion Up in the 24-hour. This is why we are watching the short term group of time frames closely.
The Red Line in the 1-hour is likely to go below level 50 the next 1-hour candle. We would have downward pressure triggered at that time. How long would this downward pressure continue? It would continue until the white energy rises back above level 50. Will the White Energy in the 1-hour rise above level 50 BEFORE the Red Line in the 2-hour can fall below level 50? That remains to be seen. But if the White Energy in the 1-hour can rise above level 50 before the red line in the 2-hour can fall below level 50, we would have a chance for upward pressure to resume. Which means we would have a chance for Stage 1 Expansion Up in the next 24-Hour candle.
So, let's see if upward pressure can resume in the short term group of time frames to help promote Stage 1 Expansion Up in the next 24-hour candle.
I hope this was helpful....
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Stay Awesome!
David
4-Day:
Near Term Group:
Short Term Group:
The Yellow B-Band Basis in the 3-Day is currently at $0.35 cents. So, if we did get a move upward eventually, we can anticipate the price action turning back down from the Yellow B-Band Basis if the Red Line is not ready to go above level 50 at the time the price action potentially makes it up above level 50.
The Red and Blue lines in the 24-hour have a chance of going above Level 50 the next 24-hour candle. Which begins in approximately 3 hours from this writing. If the red and blue lines can rise above level 50 the NEXT 24-hour candle with the Green still rising, we would have a chance for Stage 1 Expansion Up in the 24-hour. This is why we are watching the short term group of time frames closely.
The Red Line in the 1-hour is likely to go below level 50 the next 1-hour candle. We would have downward pressure triggered at that time. How long would this downward pressure continue? It would continue until the white energy rises back above level 50. Will the White Energy in the 1-hour rise above level 50 BEFORE the Red Line in the 2-hour can fall below level 50? That remains to be seen. But if the White Energy in the 1-hour can rise above level 50 before the red line in the 2-hour can fall below level 50, we would have a chance for upward pressure to resume. Which means we would have a chance for Stage 1 Expansion Up in the next 24-Hour candle.
So, let's see if upward pressure can resume in the short term group of time frames to help promote Stage 1 Expansion Up in the next 24-hour candle.
I hope this was helpful....
Please take a moment to click Like (boost) icon. Your assistance to get me to 100,000 reputation would be appreciated. I get THOUSANDSD of views but few people seem to want to take the time to click like (boost) for some reason.
Anyway, I'm going to get back to work on other important analytics projects.
Enjoy the rest of your weekend...
Stay Awesome!
David
4-Day:
Near Term Group:
Short Term Group:
Comment:
Comment:
UPDATE:
Yes, my script closed the LONG HTFS (High Time Frame Scalp) and opened a SHORT HTFS. Will my script end up closing this short position rather quickly; similar to the short position opened and closed in the bottom left corner? We don't know yet but we'll see.
Yes, my script closed the LONG HTFS (High Time Frame Scalp) and opened a SHORT HTFS. Will my script end up closing this short position rather quickly; similar to the short position opened and closed in the bottom left corner? We don't know yet but we'll see.
Comment:
UPDATE:
Short was closed:
No gain or loss on the short. We'll see what the script will do next.
Short was closed:
No gain or loss on the short. We'll see what the script will do next.
Comment:
UPDATE:
Last update for a long time...
Last update for a long time...
