40% of Major trend reversal result in big swings.
60% in minor losses or profits.
It is all about context and momentum that
make markets move.
Want to get a picture of how the bars CAN develop to the right? Look to the bars on your left. This is called CONTEXT
Markets tend to have INERTIA --> That means that the price will do 80% of the time what is has been doing (on your left)
We are in a Trading range so the possibility of the price making a swing to the upside is more likely than price moving lower.
If we take a look at MOMENTUM. We can see a strong bulltrend from Support.. 3 white soldiers and 1 small pullback and price moves up to the upside.
What we see and what you want to is... In a trend like this consecutive bull bars. BIG consecutive bull bars.
For me the latest bars a trading ranges in a bull flag.
60 - 40 chance of price moving higher.
Maybe a little more, looking at the context..
60% in minor losses or profits.
It is all about context and momentum that
make markets move.
Want to get a picture of how the bars CAN develop to the right? Look to the bars on your left. This is called CONTEXT
Markets tend to have INERTIA --> That means that the price will do 80% of the time what is has been doing (on your left)
We are in a Trading range so the possibility of the price making a swing to the upside is more likely than price moving lower.
If we take a look at MOMENTUM. We can see a strong bulltrend from Support.. 3 white soldiers and 1 small pullback and price moves up to the upside.
What we see and what you want to is... In a trend like this consecutive bull bars. BIG consecutive bull bars.
For me the latest bars a trading ranges in a bull flag.
60 - 40 chance of price moving higher.
Maybe a little more, looking at the context..