This opportunity not only features a pullback into our previous outside return, but Hidden Divergence on the which is a positive sign when looking for a continuation.
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I was hoping that you could help me with a question that I have. How can you determine from the chart whether a bearish candlestick is formed primarily due to short-selling or from closing out long positions? For example, the red candlestick in the above chart on October 19, 2016 at 11:00:00 (or any red candlestick for that matter), is there a way to tell if this price drop was caused by short sellers rather than people closing long positions. Thank you so much!