Ok reaching pro level market psychology and price action is supreme. I’m able to quickly forecast a pair with out any tools
Let’s look at what we see
Bearish sale with a bullish channel
Now psychology what this means is that a balance is taking place. The market need bull in the game for the bears to cont to sell so. We see the bulls buying up but the big players are waiting to sell.
How do I know this...?
Ok first look at the long drop with no pullbacks
Now the one pullback made a doji candle with no bull follow up this shows that this was an area where the bears increased their size and some take profit was done. Thus this is a bears station so typically what we expect is a sell back down when price reach this area at least once.
Now at the seller climax we don’t see an increase in candle size or width and a weak bullish response into the ranging channel this shows lack of interest in higher prices. So if this wasn’t true we would see a throwback of force a large bulls candle with several bulls candies at the top of automatic rally fighting the decline but we see price trading in a range at support and not resistance -thus range at support is bearish
Now looking at the hills/ peaks we see 3 highs that are not far out the range this means the bull hadn’t been allowed to breakout,
Also if we trendline these highs we see it leads right to the bears station where they sold each time the bulls reached them
Now note the bears are presence here at all three peaks this mean they didn’t close their positions and have more selling in stored and on the 3rd high we see a evening star with a bear candle under its belly confirming the pattern
Now let’s look at the lower channel of price
Now we see wick forming at the low without an increase in price ! Meaning the wicks are not getting higher they are within its range thus this is due to bulls buying a moving average most likely the 50ma. Now we see this buy is becoming weaker as the ma is in the process of turning support to resistance.
So what to expect ?
We can expect the ma to break as support on the upcoming interaction. With right
timing we can use the first bear pip swing as our target as a measured move
Best Entry now or after a pullback on a higher time as this will be due to price crossing over the ma. As these pullback can be 100s of pips it may go into your entry but shouldn’t stop you with a stop made in reasons to the atr or miss the few hundred pip n wait for the bounce to finish
HOW TO TRADE LIKE THEM -
👑
Let’s look at what we see
Bearish sale with a bullish channel
Now psychology what this means is that a balance is taking place. The market need bull in the game for the bears to cont to sell so. We see the bulls buying up but the big players are waiting to sell.
How do I know this...?
Ok first look at the long drop with no pullbacks
Now the one pullback made a doji candle with no bull follow up this shows that this was an area where the bears increased their size and some take profit was done. Thus this is a bears station so typically what we expect is a sell back down when price reach this area at least once.
Now at the seller climax we don’t see an increase in candle size or width and a weak bullish response into the ranging channel this shows lack of interest in higher prices. So if this wasn’t true we would see a throwback of force a large bulls candle with several bulls candies at the top of automatic rally fighting the decline but we see price trading in a range at support and not resistance -thus range at support is bearish
Now looking at the hills/ peaks we see 3 highs that are not far out the range this means the bull hadn’t been allowed to breakout,
Also if we trendline these highs we see it leads right to the bears station where they sold each time the bulls reached them
Now note the bears are presence here at all three peaks this mean they didn’t close their positions and have more selling in stored and on the 3rd high we see a evening star with a bear candle under its belly confirming the pattern
Now let’s look at the lower channel of price
Now we see wick forming at the low without an increase in price ! Meaning the wicks are not getting higher they are within its range thus this is due to bulls buying a moving average most likely the 50ma. Now we see this buy is becoming weaker as the ma is in the process of turning support to resistance.
So what to expect ?
We can expect the ma to break as support on the upcoming interaction. With right
timing we can use the first bear pip swing as our target as a measured move
Best Entry now or after a pullback on a higher time as this will be due to price crossing over the ma. As these pullback can be 100s of pips it may go into your entry but shouldn’t stop you with a stop made in reasons to the atr or miss the few hundred pip n wait for the bounce to finish
HOW TO TRADE LIKE THEM -
👑