FXTurkey

The Story Behind The Trend Collapse ( Educational Post )

Education
FX:GBPCHF   British Pound / Swiss Franc
STORY BEHIND THE TREND COLLAPSE

1. Healthy Trend
- New lower lows created
- Supports are constantly broken
- Distance between moving averages increases, macd value increases
- Imbalance of green and red candles

2. Lack of Momentum
- Deeper corrections, weak impulses
- Increased number of waves in corrective structures
- Red&Green candle balance
- Moving averages contract

3. Bottom Formation
- No new lower lows
- Ranging market
- Moving averages point sideways, crosses each other
- Traditional price patterns
- Stop Hunt

4. New Trend
- Trend reversal patterns
- Decision move
- Sellers closing their trades
- Buyers push
- Green candle body sizes increases

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