There’s no change in structure to support a reversal here only a deep liquidity grap as a spring that placed price back at the range high as proof that sellers failed This liquidity move Is seen n the proof is The range here that spring on the 200 monthly ma if they was bearish price wouldn’t had ranged n bullied the monthly 200 in this way n with no change in structure seen with green arrow.. And since we are at the end of the year the monthly 200 ma is the MOST IMPORTANT THING TO HAVE ON UR CHART THIS MONTH! As my all mean long term investors n funds ARE LOOKING AT THE MONTHLY 200 ma! N they’ll buy n sell off of it 4 the next year . N since we see thus but up off of the 200ma n the daily all from a spring the highest probability the range is an reaccumulation structure to push price up long terms …
See u must understand what strengths n weakness is n how they’ll process them. And since we see buying up off of the 200 monthly the highest probable outcome is the market just reverse its bearishness in respect to the 200 monthly ma! Therefore u really can’t sell this market cus everything points to a continuation monthly weekly n daily !!
Tip It’s close to year end ..
Tools u should be using to catch a yearly move
Yearly highs, lows , opening , closes - there are indicators 4 easy of finding..
The 200 ma monthly! If the 200 monthly weekly n daily are all in the same layout then the probability is the trend will continue into next year if there’s no structure that contradicts them..