Hi everyone! Please remember to keep in mind to DOLLAR COST AVERAGE on these dips. Do NOT assume the price action must fall down significantly during a period of upward pressure. One should always spread out buy orders 25 to 35 percent from the high AT ALL TIMES during a Long Term Bull Trend (like we are in now). Use the tool I used to determine what 25 percent from high would be and what 35 percent from high would be. If it only falls down 32.5 percent and does not fill all your buy orders, it's up to you to decide if it's worth "canceling" those buy orders and FOMO in as the price is going up AFTER a 32.5 percent drop from the high of $1.20. If you wish to keep those buy orders open and not cancel them during this current period of downward pressure, that's totally up to you. However, if we begin to see a reversal to upward pressure approaching in the 3-Day, 4-Day and 5-Day time frames and your orders are not filled yet; you should seriously consider canceling those remaining orders and use the remaining funds to buy back in on the next dip in the 45min. 90min. and 3hr. time frames.
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UPDATE:
A look at the downward pressure race with the 6h and 12h time frames:
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UPDATE:
This was a chart I added to about 9-Days ago. I shared it on Twitter earlier today. Thought I would go ahead and share it here as well.
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Do realize the different color lines drawn on that chart reflect the absolute best when going up and the absolute worse when going down. DO NOT allow that chart to distract you from an important rule about "pressure." There is no guarantee the price action must come down significantly during a period of downward pressure. Just as there is no guarantee the price action must go up significantly during a period of upward pressure.
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UPDATE:
Posted January 4, 2021: I knew that Lower Yellow Diagonal Trend Line would be quite a hurdle for us to overcome our FIRST attempt at trying to break out above it. What would be considered a break out? A Weekly candle "closing" ABOVE that Yellow Diagonal Trend Line would be considered a breakout. It would need to "close" a decent amount above it.
Click PLAY icon on the chart publication below posted January 4, 2021.
"ADAUSD: Making Transition From Phase D to Phase E - PATIENCE..."
Thanks for the trading analysis. More valuable to me than even the chart analysis.
dieselwon
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c3l3x
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Love the updates! Thanks David
JebemJako
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Can you please write a book or something already ? :)
beastedz
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Thanks for the update! Looks like the market needed to clear some leverage out. Seems pretty healthy overall.
HarmonicPitchforks
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I think the buy points are 0.59 and 0.36
Bayramli
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Thanks a lot!
Yorickthemooner
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You post your update just 2 days ago, thanks for that.
But what do you think about the 2.618 fib? Still a go for it?
When i see the 3 day chart it seems like the white energy is considering to go a bit sideways/up.
in the 4 day time frame the white energy is lower then level 50.
which time frame should you focus on now? @WyckoffMode
Gracias!
PS: Looking forward to your project you focussed on. All the best with that.