Why Races? To See WHEN Downward Reverses to Upward Pressure.
The Red RSI in the 24h will likely win the race against the White Energy in the 12h. If this ends up being the case (and it likely will), we FIRST must assume downward pressure continues -AND- we will ignore the White Energy in the 12h (for the most part) and focus on the White Energy in the 24h. WHY? Because we would then be in a race between the White Energy in the 24h and the Red RSI in the 2-Day time frame. We would need the White Energy in the 24h time frame to "CLOSE" above 50 BEFORE the Red RSI in the 2-Day "CROSSES" below 50. Of course, we would also look at lower time frames to see if the Green is higher than the Energy or if the Energy is higher than the Green to CONFIRM what we are seeing in the higher time frames.
Comment:
UPDATE:
I will provide the same information I just posted as a reply to someone else in comments section below:
As mentioned in previous publications; accumulating ANYWHERE within the Green Shaded Square Box is a good place for accumulating when looking at the big picture for what's to come. Can the price action possibly fall deeper? Sure... It's possible but IMPOSSIBLE to say for sure it will drop even lower during a period of downward pressure.
We use our FIB Re-Trace levels to determine a good AREA (Price Range) in which to accumulate once we've reached that AREA. We use the indicators to see if we can get an idea of WHEN we may finally pull away from that area and change trend to upward pressure for a sustained period of time.
If you are looking for WHEN to open a Margin Long, I would recommend waiting for a pullback and the margin long should be no greater than 3x leverage. The main reason I'm emphasizing no more than 3x leverage is because I do not have the time to provide constant updates on TradingView for margin traders. I will in the future on another platform but not at this time.
I will provide the same information I just posted as a reply to someone else in comments section below:
As mentioned in previous publications; accumulating ANYWHERE within the Green Shaded Square Box is a good place for accumulating when looking at the big picture for what's to come. Can the price action possibly fall deeper? Sure... It's possible but IMPOSSIBLE to say for sure it will drop even lower during a period of downward pressure.
We use our FIB Re-Trace levels to determine a good AREA (Price Range) in which to accumulate once we've reached that AREA. We use the indicators to see if we can get an idea of WHEN we may finally pull away from that area and change trend to upward pressure for a sustained period of time.
If you are looking for WHEN to open a Margin Long, I would recommend waiting for a pullback and the margin long should be no greater than 3x leverage. The main reason I'm emphasizing no more than 3x leverage is because I do not have the time to provide constant updates on TradingView for margin traders. I will in the future on another platform but not at this time.
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