How Buyers Trapped Beautiful Chart to Learn .

I can discuss this chart with you for a longer period of time because there is so much learning in this chart, why this chart is important for a Trend follower,

for a candlestick pattern (Bullish bearish Engulfing, Doji, Three Black Crow, etc.)

and for a pattern lover( Channel, Wedge, Pennant, Triangle, Rectangle) because it has everything in the chart but how to have a close eye without getting biased each and every time you just need to perform your learning without any emotions.

on 16 June 2022, the candle is made telling everybody that the trend has been changed

from there on-wards, if you place have Fibonacci almost each and every time it gets retraced from 50% so on and so forth at held its direction firm and it does the same which a trend should do.

From November 4th onwards again continues in its original direction

if you think that the 3rd October candle is telling you to change the direction, but when you see the 22nd September candle you will understand that on 3rd October the candle which has complete buyers is still overshadowed by the 22 September candle, this tells that trend is still Bearish.



the most interesting part happened from 20 December 2022 to 2nd of March

when the price was in the Zone of (0.67750-0.69735)



where I think how they Created Buyers Trap each and every time and how high frequency trades each and every time were placed there because there were limit orders placed and each and every time they fill the orders you can see just by looking at the wicks,

you can clearly see if buyers have potential then they could break the upper part of the rectangle which was made by the price but couldn't hold Levels

if you see 27 February to 3rd March then you can clearly see they again established the bearish Phase and they had the upper hand so they Take the price Down and Broke the recently made support Zone which is around 0.67750

and when they broke its level there is a Marubozu candle just telling you completely that sellers are in full control.

There is so much in this chart Learn and Practice.

Please Watch Closely and there is So much.


Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.

Comment:

See how beautifully Study works and the chart is following it Without any Issues.
Broke its Low Again and made another low and so on and so forth, Trend will continue.

This is How I see Charts, Please do not hesitate if you have any questions.

All the very BEST.

Comment:

again rejected from the recent highs and back to base. will make significant move in upcoming time.

Comment:

one of the best chart for study .
nobody knows when it will reverse and everyone is trying to catch the bottom.
don't do it.
it may stay in the same form for years who knows.

But Must study this chart.

Comment:

here we are seeing another life low , never catch falling Knife .(OLD SCHOOL SAYING but its proven.) :)

All the best.

Comment:

Further no Updates will be shared on this EDUCATON Post.

Thank you .

Trade closed manually