Here let's look at this 15 min charts plz read prior post on eu so u'll understand what they are doing
They are testing buyers n sellers
They want to know if there are seller that can stop accumulation that can cus them to buy higher than the price they brought at how is this done ? Send price up to resistance n see the reaction at resistance so let's look at this reaction at resistance on the 15
So we have 2 test here notice the second wick n broken level. But what's is key to see is how it was done!
Notice the doji or hanging like man bar on weak vol look at it's short tail more importantly look what happen after that! What did price do? It went higher n then we see a high wave doji n if ur not knew here then u'll know high wave doji show true support n resistance in these markets and what did price do after that? It broke the high of the highwave to get a response that broke price back below the resistance
What do this means it means that price had to go higher to get a bearish response so the test was a success they know where the sellers are!!!!!
Now buyers well what to see to what extent of strength these sellers have to push price lower or will they get trapped into the trading range below !
To shake out seller they'll drop the markets Why? Lol it works the reversal on how u may think it'll work yes to shake out seller drop the market!! What this do is put them in closer reach of stronger buyers n what happens with that? They get liquidified trapped into liquid pools now
Lets be smart like them n see the outcome of this
Imo the market isn't ready yet I still have my zone of interest that I don't see a reason for price not to go there since we made it this far dwn already this is my last area which if broken will change my bullish bias on this pair I did a few post n video explaining why u can watch the orderblock video to see where the strongest of blocks are placed n hence get a idea on the agenda of this market but snythings possible
But looking at the weekly I see a bullish pin bar it's not a hammer idk I don't even really consider it bullish as it didn't close on it's high n the high tails is about the same size as the real body imo that's not a strong sign of strength it's just manipulation n hence this explains all that was mentioned on these post here ..... Market makers testing buyers n seller!!!
Gl
It's a more reduced form of Our number
They are testing buyers n sellers
They want to know if there are seller that can stop accumulation that can cus them to buy higher than the price they brought at how is this done ? Send price up to resistance n see the reaction at resistance so let's look at this reaction at resistance on the 15
So we have 2 test here notice the second wick n broken level. But what's is key to see is how it was done!
Notice the doji or hanging like man bar on weak vol look at it's short tail more importantly look what happen after that! What did price do? It went higher n then we see a high wave doji n if ur not knew here then u'll know high wave doji show true support n resistance in these markets and what did price do after that? It broke the high of the highwave to get a response that broke price back below the resistance
What do this means it means that price had to go higher to get a bearish response so the test was a success they know where the sellers are!!!!!
Now buyers well what to see to what extent of strength these sellers have to push price lower or will they get trapped into the trading range below !
To shake out seller they'll drop the markets Why? Lol it works the reversal on how u may think it'll work yes to shake out seller drop the market!! What this do is put them in closer reach of stronger buyers n what happens with that? They get liquidified trapped into liquid pools now
Lets be smart like them n see the outcome of this
Imo the market isn't ready yet I still have my zone of interest that I don't see a reason for price not to go there since we made it this far dwn already this is my last area which if broken will change my bullish bias on this pair I did a few post n video explaining why u can watch the orderblock video to see where the strongest of blocks are placed n hence get a idea on the agenda of this market but snythings possible
But looking at the weekly I see a bullish pin bar it's not a hammer idk I don't even really consider it bullish as it didn't close on it's high n the high tails is about the same size as the real body imo that's not a strong sign of strength it's just manipulation n hence this explains all that was mentioned on these post here ..... Market makers testing buyers n seller!!!
Gl
It's a more reduced form of Our number