1) Price had a weekly candle bullish close above the previous weeks high and protected the previous week lows (clear indication of potential bullish movements next week.
2) we may see the weekly low get protected again, as i have marked out (ORIGIN), it shouldn't come below that low if we are bullish, why? because thats where the institutions are holding their buy positions, this gives us a foundation to work with.
3) we can see we had a strong impulsive move from the (origin) weekly low, to the highest high. clear to say there is buys in this market
4) notice how the zone was protected marked in blue, being the basing zone, (buy-zone or demand-zone) as price reached this zone we had a reaction that was bullish to the upside. why has that happened, within that zone is buy-orders in the form of pre-set limit orders, this is the effect the institutions have when they accumulate their orders within that zone.
5) we will get active if price reaches here which i can explain but i explained it in first analysis named (BFI).
2) we may see the weekly low get protected again, as i have marked out (ORIGIN), it shouldn't come below that low if we are bullish, why? because thats where the institutions are holding their buy positions, this gives us a foundation to work with.
3) we can see we had a strong impulsive move from the (origin) weekly low, to the highest high. clear to say there is buys in this market
4) notice how the zone was protected marked in blue, being the basing zone, (buy-zone or demand-zone) as price reached this zone we had a reaction that was bullish to the upside. why has that happened, within that zone is buy-orders in the form of pre-set limit orders, this is the effect the institutions have when they accumulate their orders within that zone.
5) we will get active if price reaches here which i can explain but i explained it in first analysis named (BFI).