HOW TO TRADE LIKE THEM stop the nonsense ✋🏾
The market made a massive divergence double top!! As a bear trend can start while the bull trend is still intact! But what reverse markets? Double tops! M patterns are market reversal structure and when it divergence it’s icing on the cake. Price is making a descending channel ... there are real highs showing rejection! There’s a fake low at support showing breakdown !
When a market makes a fake high or low it will replace it or break it! As we can see from the divergent top as the first was a fake high, what’s a fake high ? Multiple up and down candles at a support or resistance zone. What’s a real high or low? a rejection or acceptance with a solid candle movement as the victor.. look at the highs and lows on this chart to understand what they are! Now in The circle there’s a fake low at support notice how after the divergence top the market been at this support twice! Notice historical when price was at yal trendline ( cus I don’t use them) what happen? Price bounce up and 500 pip - this shown rejection of the low and buying thereof! Now pay attention to what price is doing now . Count the distance and time! From nov 3 20 To Apr 17 21 price moved 500 pips up until it revisited the trendline from April 17 21 to may 4 21 100 pips n a month later price is AGAIN at the trendline and this time after a divergence top in a hidden bearish channel where’s the bullish proof? Show us! Cus the rsi is showing a downtrend with the most recent high as a m and. And price is showing reversal candlesticks at every high! Where is the reversal candle stick at this fake low? There isn’t one! In fact look how long it took price to leave from the support? It went up and down up and down- this is a struggle. And look how long it take price to leave the high, fast!. The market can always do what it wants it’s the market and the market is currently BEARISH! AND UNTIL there’s a new high that don’t divergence breaking .80 this market is just that! BEARISH! And I’m sure from the looks of it if price makes it’s way back to the the trendline it will break! .. for me the average is supportive enough when I see price repeatedly touching it and not able to make distance from such action i questions the market direction. As when price trails on the average this isn’t a sign of strength! Strength is when it pullback back and bounce off and go about its business! What I see is a market that is struggling to continue its uptrend! Especially after the last high didn’t go no where! All I see is price hitting yal stop losses on here 😂😂😂 and yal hadn’t caught on yet but again anything’s possible.. let’s see how this retest play that yal desire !
GL ✌🏾
When a market makes a fake high or low it will replace it or break it! As we can see from the divergent top as the first was a fake high, what’s a fake high ? Multiple up and down candles at a support or resistance zone. What’s a real high or low? a rejection or acceptance with a solid candle movement as the victor.. look at the highs and lows on this chart to understand what they are! Now in The circle there’s a fake low at support notice how after the divergence top the market been at this support twice! Notice historical when price was at yal trendline ( cus I don’t use them) what happen? Price bounce up and 500 pip - this shown rejection of the low and buying thereof! Now pay attention to what price is doing now . Count the distance and time! From nov 3 20 To Apr 17 21 price moved 500 pips up until it revisited the trendline from April 17 21 to may 4 21 100 pips n a month later price is AGAIN at the trendline and this time after a divergence top in a hidden bearish channel where’s the bullish proof? Show us! Cus the rsi is showing a downtrend with the most recent high as a m and. And price is showing reversal candlesticks at every high! Where is the reversal candle stick at this fake low? There isn’t one! In fact look how long it took price to leave from the support? It went up and down up and down- this is a struggle. And look how long it take price to leave the high, fast!. The market can always do what it wants it’s the market and the market is currently BEARISH! AND UNTIL there’s a new high that don’t divergence breaking .80 this market is just that! BEARISH! And I’m sure from the looks of it if price makes it’s way back to the the trendline it will break! .. for me the average is supportive enough when I see price repeatedly touching it and not able to make distance from such action i questions the market direction. As when price trails on the average this isn’t a sign of strength! Strength is when it pullback back and bounce off and go about its business! What I see is a market that is struggling to continue its uptrend! Especially after the last high didn’t go no where! All I see is price hitting yal stop losses on here 😂😂😂 and yal hadn’t caught on yet but again anything’s possible.. let’s see how this retest play that yal desire !
GL ✌🏾
Comment:
Let’s me show you something else. Look at the rsi! Those red dots are overbrought. Overbrought is what a market desires to go into. It means aggressiveness buying. Also we look for exhaustion in these conditions as well with divergence. Now notice here how price bounced it way into that condition,, and what was the outcome of that transaction? The market rejected it with high vol and momentum!! This is why we had that long long bearish drop that’s started the bearish trend! We see this on price and we see it in the rsi! ..
