1: sellers enter the market , a standing type of slow,
not much structure
2: buyers make the first stand and bring the market up in a bit of a flow
3: strongly repel the buyers from 2 down, we go below the 2 buyers, making this
a solid structure, these sellers are offically in charge, and stronger than the
buyers which came in at 2, until proven otherwise
4: we come back up in a very volitile and unsustanable way, there is a lack of flow here,
without a back and forth the market can't really sustain this kind of movement forever,
think of exerting energy , at some point there will be exhaustion
5: a return to strong sellers with the appearance of our first selling bars
what do I think will happen :
* a return to the solid sellers at 3 signals to me a selling opportunity, especially as
on a lower fractal structure we had a bar clow below another, where this was lacking
and sellers non existant for the past while
* even if it is not a downtrend, it could be a correction and resting of buyers, as prices
increase, people are less enthusiastic to buy
* over the past 2,500 bars if price closed below a zone it has a 53% chance of reaching the
next zone below ( or the orange line for this zone specifically ) , this is not much better than
a coin flip, so not helpful, but we do have a good target given by the chaos theory zone
expansion, exiting before a potential resistance turned support.
* rsi+mfi+accum/dist have HH while price is equal or a bit lower high, this is a divergence mismatch
supporting the sell idea
* overbought can be safely ignored due to high volitlity,
it becomes unreliable and is therefore not a confirmation
* we have resistance lines in the RSI + MFI , at the peaks of price as well, this supports a peak in price and the sell idea.
not much structure
2: buyers make the first stand and bring the market up in a bit of a flow
3: strongly repel the buyers from 2 down, we go below the 2 buyers, making this
a solid structure, these sellers are offically in charge, and stronger than the
buyers which came in at 2, until proven otherwise
4: we come back up in a very volitile and unsustanable way, there is a lack of flow here,
without a back and forth the market can't really sustain this kind of movement forever,
think of exerting energy , at some point there will be exhaustion
5: a return to strong sellers with the appearance of our first selling bars
what do I think will happen :
* a return to the solid sellers at 3 signals to me a selling opportunity, especially as
on a lower fractal structure we had a bar clow below another, where this was lacking
and sellers non existant for the past while
* even if it is not a downtrend, it could be a correction and resting of buyers, as prices
increase, people are less enthusiastic to buy
* over the past 2,500 bars if price closed below a zone it has a 53% chance of reaching the
next zone below ( or the orange line for this zone specifically ) , this is not much better than
a coin flip, so not helpful, but we do have a good target given by the chaos theory zone
expansion, exiting before a potential resistance turned support.
* rsi+mfi+accum/dist have HH while price is equal or a bit lower high, this is a divergence mismatch
supporting the sell idea
* overbought can be safely ignored due to high volitlity,
it becomes unreliable and is therefore not a confirmation
* we have resistance lines in the RSI + MFI , at the peaks of price as well, this supports a peak in price and the sell idea.
for trading mentorship and community, message me on telegram : jacesabr_real
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
for trading mentorship and community, message me on telegram : jacesabr_real
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.