Hi Everyone! Yes, it has been a while. No, I'm not back yet... Sorry... I still have a lot of work to do. Simply thought I would post an update to avoid getting rusty. "If you don't use it, you lose it."
The purpose of this title is to emphasize we need to wait to see if the Green Line in the Daily (24h), 2-Day, 3-Day and 4-Day time frames can turn back up with the Red RSI making contact with the Green "while" going up (indicating upward pressure). The 90 minute, 6 hour and 12 hour time frames are "currently" suggesting there is a "possibility" for that to occur -BUT- it is not guaranteed we would have a "significant" move to the upside if that were to occur. If that occurred, we would say, "Sideways at worst or upward at best during a period of upward pressure in the Near Term Group of Time Frames." However, we are waiting for the Green to turn up in the Near Term Group of Time Frames (24h, 2-Day, 3-Day and 4-Day). REMINDER: The Short Term Group (90min. 3h, 6h and 12h) suggest that "possibility." However, we will have to wait for up to 32 hours to see if the probability (odds) of that playing out increases over the next 32 hours.
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UPDATE:
REMINDER: We have upward pressure continuing in the 45 minute TF for at least 2 more 45 minute candles before a pullback.
REMINDER: We have upward pressure continuing in the 45 minute TF as well... Orange Text Bubble: Decent chance for the B-Bands to expand (open up) in this 90 minute TF with the Blue LSMA crossing above Level 50 in the Phoenix Ascending indicator.
Blue Text Bubble: When the Red RSI and Blue LSMA are "both" above level 50, this suggests a high likelihood of the price action remaining "above" the Bollinger Band BASIS. Also, don't forget the Blue LSMA crossing above Level 50 increases the odds for the B-Bands to "expand." And with the Red RSI "above" level 50 increases the odds for the price action to remain between the Aqua/Orange UPPER B-Bands during this expansion of the B-Bands while in a period of upward pressure.
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UPDATE:
A look at the 3 hour:
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UPDATE:
Added one more little reminder in the 3 hour TF about the price action within the B-Bands "relation" to the Red RSI and Blue LSMA being above level 50 within Phoenix Ascending indicator.
Not back just yet. Simply thought I would provide a couple of publications today to avoid getting rusty while I'm still away working on several things for the community.
Mizo_Mizo
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@WyckoffMode, yeah I saw all the tv monitors you bought on twitter, excited to see what you're working on :D. and thanks for the update.
GIJoelio
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@WyckoffMode, Happy to see your publications again!
c3l3x
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HI David-
Great to see a new video from you, even if you're not back yet. With ADA you haven't missed a lot. A lot of sideways action. I've been posting regularly my analysis, but I always wonder, "would David's analysis agree with this?" From this video it looks like we're seeing similar things. Still somewhat sideways, maybe a small push up, but no breakout signals yet. Mostly mixed. I would like to see another correction before ADA heads up, and I do worry a bit about how the 12D shows LSMA, RSI, and green very high while the white is below 50. To me that seems like a risk of a correction with that much divergence.
One question that I've had, and also from people who have been following my ideas, is more detail on the pressure dots. I recall you said they were most helpful in scalping/short-term timeframes. It would be great if you could share your wisdom about them in an upcoming video
Good luck with your projects and hope to see you back soon!
The12thBurn
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So good to see you back David, hope you're fine. Thanks a lot! Eagerly waiting to learn these indicators properly. How is the website stuffs going?
kodama1978
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Glad to see you back, even if just for a short while.
Oh, and I've been using your indicators and practicing your rules! Definitely helped in my TA.
Great to hear your voice.
Couldn't help but notice 80 Sunreef in your browser.
Amazing boat. You must have had a lot more ADA than I t