Hi Everyone! Yes, we do see potential to fall down to or near the Yellow B-Band Basis in the 24-hour at $65.00. Yes, it is possible to over extend below $65.00. However, if we do fall below $65.00, I expect the price action to pop right back up rather quickly to $65 or above $65. We also see increased odds in higher time frames to continue up - AFTER A PULLBACK - to around $94 to $108 price range. Will that move up be an Exponential Rally in Phase B - OR - a Sign of Strength Event in Phase D of Accumulation? That remains to be seen. We really will not know the answer to that question until later. This is explained a bit in the video.
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Happy Trading and Stay Awesome!
David M Ward Jr
Short Term Group of time frames:
Near Term Group of time frames:
Mid Term Group of Time Frames:
Long Term Group of Time Frames:
Macro Group of Time Frames:
Super Macro Group of Time Frames:
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UPDATE:
2018 Distribution; 2019 to 2021 Accumulation and 2021/2022 Distribution Periods:
On the 3day time frame with VRVP volume, looks like there is no volume between 80-90$ Seems like price fell because of that. Do you consider this indicator useful or a good addition to your methods?
I would say it's a useful indicator. However, as I've said before... "Regardless of what indicators you choose to use, make sure to apply them to MULTIPLE time frames." We should not use only one time frame for short term; one time frame for near term; one time frame for mid term and one time frame for long term. So, what does that same indicator look like in lower time frames AND higher time frames?