Note also that prices have been following a downtrend line, which would lead us to believe that with the behavior of prices in the last few weeks, a possibility of breaking this downtrend line would be quite low, which was confirmed.
And finally, note that the prices are at that moment standing at the Fibonacci 50% level at 8812. If it loses that level prices will have the following levels below: 8510 (61.8% Fibo), 8004 (78 , 6% Fibo) and 7361 (100% Fibo).
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ADVANTAGES: Not all line oscillating indicators have a histogram that allows you to easily and smoothly interpret the behavior of a currency's forces. Analyzing these forces allows you to see which way the market is sloping and then allows you to take a more appropriate approach when entering and / or leaving. These indicators have been tested and validated by a professional team of traders.
UNDERSTANDING: The left side of my Trading System is where you make the decision, part for the action, and realize which side of the market the currency is hanging on. The right side is where you look at the forces of buyer or seller pressure, the strength of the buyer or seller spread, the pressure on buyer or seller , and short- and long-term trends that identify the possible moments of trend turns. Many may say that it is very predictive for decision making, but those who speak it prove that they do not understand , as there are two decision moments: (1) to know when to move (right side), and (2 ) to learn how to move (left side).