Market reversal structure
If you seen my other post on gbpusd you’ll see it’s playing out as posted.
I’ll shall explain here on how to recognize these structures from the stop hunted so we can see and think like them so we can trade like them
We have a downtrend from w to y but from y to a price retraced back into the trading range x to a. With high volume and overbought This is the first signs
Price failed at x to a and made a lower a to b. This is the second signs. And first stop 1.
Why.? Price bounced of support x to a With support S at x to d with a fast sell response made a lower low at b and retraced back to resistance T from b to c
Thus we have a l1 h2 with a lower l2 that retraced back into the trading range of l1. At b to c. This is the second signs
NOTE
Support t been the key area price has retraced too from w to x x to a b to c. Thus the power is bullish. The bulls pulled price right back to where the bears first reaction to the bulls action. See this retracement back into the bears trading range show price strength. Also this action void a impulse wave? How no initial wave’s retacemment should pull back into the impulse.
It’s these little moves that the markets makes that are your signs not the big moves. Thus once this was noticed.. I wait . And what start to happen
Now from b to c we have a break of horizontal trendline back up toward support s with overbrought n high volume
From resistance T at c .
We see price failed again to break resistance T making double top..
signs 3. A double top or bottom. A double stop here..
And what’s THE REAL MEANING BEHIND THESE STRUCTURES. ?
1. They are counter reversal not continuous or reversal. Why? Cause price makes a zone for stop losses to go with the resistance level of the top or bottom? And why is this done? The market is about to make a move. The patterns are use to mislead us on the markets direction and make a zone for stop losses to knock out both direction before it carry’s on! in the direction opposite of the pattern breakout using the dumb money stop loss zones a support to bounce off of n go higher! See they use you to give them the thrust to push the market and taking you out at the same time with a thx..
THIS IS THE MEANING THEY DONT TELL YOU THE MEANING YOU DONT GET FROM YOUR GURU OR TEXT BOOK. The FACTS!,...
thus we have a double top with a hidden inverse hs to take price back up from the double bottom bounce of the double bottoms top. ..
So where to enter.. now?
Or we can wait the inverse hs to form showing what is already known bullish strength. So if we wait what else we could see..?
The retracement of C back to support Z bounce off it and the horizontal trendline and enter at D or wait for E.
D is the best entry.. cuz. It’s wear the last fake out takes place. retail will think C to D is a pullback a better spot to sell at then price thrust around knock on him out and his stop he just placed. Where? Right at the double top. Price will go there and knock out the old sell orders. Thus creating a instant profile trade for those who THINK LIKE THEM.
I hope this starts to help ppl change from the molded trading ideas that was taught with the purpose for us to loose
If you seen my other post on gbpusd you’ll see it’s playing out as posted.
I’ll shall explain here on how to recognize these structures from the stop hunted so we can see and think like them so we can trade like them
We have a downtrend from w to y but from y to a price retraced back into the trading range x to a. With high volume and overbought This is the first signs
Price failed at x to a and made a lower a to b. This is the second signs. And first stop 1.
Why.? Price bounced of support x to a With support S at x to d with a fast sell response made a lower low at b and retraced back to resistance T from b to c
Thus we have a l1 h2 with a lower l2 that retraced back into the trading range of l1. At b to c. This is the second signs
NOTE
Support t been the key area price has retraced too from w to x x to a b to c. Thus the power is bullish. The bulls pulled price right back to where the bears first reaction to the bulls action. See this retracement back into the bears trading range show price strength. Also this action void a impulse wave? How no initial wave’s retacemment should pull back into the impulse.
It’s these little moves that the markets makes that are your signs not the big moves. Thus once this was noticed.. I wait . And what start to happen
Now from b to c we have a break of horizontal trendline back up toward support s with overbrought n high volume
From resistance T at c .
We see price failed again to break resistance T making double top..
signs 3. A double top or bottom. A double stop here..
And what’s THE REAL MEANING BEHIND THESE STRUCTURES. ?
1. They are counter reversal not continuous or reversal. Why? Cause price makes a zone for stop losses to go with the resistance level of the top or bottom? And why is this done? The market is about to make a move. The patterns are use to mislead us on the markets direction and make a zone for stop losses to knock out both direction before it carry’s on! in the direction opposite of the pattern breakout using the dumb money stop loss zones a support to bounce off of n go higher! See they use you to give them the thrust to push the market and taking you out at the same time with a thx..
THIS IS THE MEANING THEY DONT TELL YOU THE MEANING YOU DONT GET FROM YOUR GURU OR TEXT BOOK. The FACTS!,...
thus we have a double top with a hidden inverse hs to take price back up from the double bottom bounce of the double bottoms top. ..
So where to enter.. now?
Or we can wait the inverse hs to form showing what is already known bullish strength. So if we wait what else we could see..?
The retracement of C back to support Z bounce off it and the horizontal trendline and enter at D or wait for E.
D is the best entry.. cuz. It’s wear the last fake out takes place. retail will think C to D is a pullback a better spot to sell at then price thrust around knock on him out and his stop he just placed. Where? Right at the double top. Price will go there and knock out the old sell orders. Thus creating a instant profile trade for those who THINK LIKE THEM.
I hope this starts to help ppl change from the molded trading ideas that was taught with the purpose for us to loose