So firstly read prior post to be able to understand what's is being presented so u can b able to read it on the chart n carry the information with u throughout ur trading
The circle area is a critical area
It's important resistance n support as we say they are made of 3 n here we will prove again what is the only real support n resistance in the market as we did many times before so u can know that these 3 are backtested n are accurate!
Increase in price fluctuations
High vol
High wave doji wicks
Here we can see high vol high vol means high volatility which means high numbers of transactions occured so this is an area of support n resistance
From a to b
We see the bears break it followed by a fail bull rally which ended which price breaching the zone and landing at d
Causing a climax action on the sellers behave which gave wat for a soft rally through the support n trend channel up to the high of the supply area! The resistance! Where the market will perform at test to see if there are more sellers at this level or if the supply been used up during the breaking of the zone so the markets range at resistance the first bear candle failed to drop price back below the zone showing lack is supply next the market move price back to the low if the area of high vol the support to test n see if the sellers are able to break price back below the support in which will require a similar amount of volatility the low vol retest of the area tell us if the sellers have enough limits to break it or not this testing of selling is also testing buying to see if there's enough interested buyers at this level if vol increase with a solid bullish trend bar closing on its highs with more vol then the test bar then this shows that buyers are interested.... Thus we can expect higher price to the next area of high volatility as a bearish outcome is the highest probability as a bull market needs time to accumulate. If both test fails then price will range here .
Nothing in life is free
If this was of valve it's only right to show appreciate cuz info bout this market is priceless!!! N it do not have to b giving away
The circle area is a critical area
It's important resistance n support as we say they are made of 3 n here we will prove again what is the only real support n resistance in the market as we did many times before so u can know that these 3 are backtested n are accurate!
Increase in price fluctuations
High vol
High wave doji wicks
Here we can see high vol high vol means high volatility which means high numbers of transactions occured so this is an area of support n resistance
From a to b
We see the bears break it followed by a fail bull rally which ended which price breaching the zone and landing at d
Causing a climax action on the sellers behave which gave wat for a soft rally through the support n trend channel up to the high of the supply area! The resistance! Where the market will perform at test to see if there are more sellers at this level or if the supply been used up during the breaking of the zone so the markets range at resistance the first bear candle failed to drop price back below the zone showing lack is supply next the market move price back to the low if the area of high vol the support to test n see if the sellers are able to break price back below the support in which will require a similar amount of volatility the low vol retest of the area tell us if the sellers have enough limits to break it or not this testing of selling is also testing buying to see if there's enough interested buyers at this level if vol increase with a solid bullish trend bar closing on its highs with more vol then the test bar then this shows that buyers are interested.... Thus we can expect higher price to the next area of high volatility as a bearish outcome is the highest probability as a bull market needs time to accumulate. If both test fails then price will range here .
Nothing in life is free
If this was of valve it's only right to show appreciate cuz info bout this market is priceless!!! N it do not have to b giving away