THE 10 Year Bond Started Buying from Weekly Demand (green) Then reached Monthly Supply that generated a new/fresh weekly Supply to start reversing the price
Destiny: Weekly demand (green)
Stages/Weekly tendency - Stan Weistein
- STAGE I: Price consolidate Between SMA 30 @ Weekly TF - STAGE II: Price break consolidation and make highs above SMA 30 @ Weekly TF - STAGE III: Price consolidate Between SMA 30 @ Weekly TF - STAGE IV: Price break consolidation and make lows below SMA 30 @ Weekly TF
You think so? Looks like a bull flag.. time will tell.
imktads
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@without_worries It's just a possibility. No ONE have the truth unless your order move the market. I think market move due to imbalance between supply and demand that imbalance make tendencies on multiple timeframes.. when price couldn't beat monthly supply make a bearish weekly tendency and destiny it's next weekly/monthly demand. it's logic, it's not related improbable patterns
without_worries
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@imktads, Don't know about any of that to be sure. Just do statistics. Stochastic RSI is just crossing up 20 after an extended period of no momentum. Looking left it suggest momentum is increasing suggest the inversion in the yield curve shall be correcting to the right way round in the not too distant future.
imktads
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@without_worries Perfect so study it: Stan Weinstein (tendency stages) and Sam Seiden (supply and demand zones) that bring you useful and logical study (probability) on charts. Using an indicator didn't, don't and won't give you any edge against financial institutions. You need to place order before your indicator trigger the entry: if you use it, you're late and mostly against supply and demand
without_worries
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@imktads, Ohh I'm not actually a trader. As such I don't need the latest and greatest tools only a simple stuff.
imktads
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@without_worries Try to don't invent the wheel with your simple stuff. Technical analysis it's improbable.
Market was, is and will be supply and demand. A good lecture it's Mark Douglas, he explains how market works
without_worries
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@imktads, Thanks. Already an expert in the field of probability ;)
imktads
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@without_worries I think your Ego replied and now I reply to it: You don't trade because you always want to be right by fixing your analysis. We analyze and trade to make money not to being right so you're wasting your money (premium account) and time
without_worries
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@imktads, No genuine, I'm an academic who has been practicing probability theory for the last 20+ years.