I think 90.0000 - 88.5000ZONE is once again proving a ceiling to price
Next: Price is building a nice MODE, following a clean 3-bar rejection formation @ the zone. I'm a seller upon price disconnection from the mode.
Until then, No trade.
MooreKapital
Building Stable Wealth With patience. ;)
Trade active
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I actually short this at 86.810 based on the nature of the PRICE ACTION evidenced by the 3-bar formation around the MODE. See the link below for my entry on my PAMM, where I manage clients Funds. moorekapital-gmail.tinytake.com/sf/MzU3ODIxXzIwNTM0Mjk (Kindly click on "full screen" above the image to see things clearly )
I actually short this at 86.810 based on the nature of the PRICE ACTION evidenced by the 3-bar formation around the MODE. See the link below for my entry on my PAMM, where I manage clients Funds. moorekapital-gmail.tinytake.com/sf/MzU3ODIxXzIwNTM0Mjk (Kindly click on "full screen" above the image to see things clearly )
Just curious . . .
What is the trigger that signals price has diconnected from the MODE ?
Thanks for your thoughts !
moorekapital
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If a whole day opens and trades (High and low) completely below the MODE. It becomes a better story when the signal bar actually expands range.
moorekapital
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Also, if the next day becomes a trend day,(a bear bar) and does not come back to test the MODE, it sort of second confirms the signal. However, if it comes back to test the MODE, that does not nullify the bearish direction. It simply adds to the extent to which price can go down, if it does go down finally. Mr Tim West, & IvanLabrie are the Authorities on this MODE concept. Kindly turn to this chatroom: tradingview.com/chat/ and learn some more. ^_^