We are seeing clear sell-side tapering with the orange algo and purple showing it's control. We are now retesting the breakout of strong selling magenta and coinciding with green buying continuation.
This could be a very good opportunity knowing that if we don't hold green, we're out. However with a retest of magenta and a proven buying continuation lining up, I...
Holding yellow support will be key here until we activate a stronger purple to break out of orange.
Video says it all
Stay tuned for further updates
Happy Trading :)
- TraderDaddyOG
We are currently being controlled by our white buying continuation - we rejected off the top and have sold off in our controlled selling algorithms. Today we will be opening up right on top of the bottom of this white channel and will be interested to see if this can pick up price and break out of our strong selling purple. If that happens I will add to my current...
We are at a potential great buying area and as you see there is a lot of room to the upside. I will be looking for us to prove and activate one of our stronger buying continuation algorithms (stronger than orange) to then try and break out of our magenta and white controlled selling algos.
But forsure the retest and support of green which had initiated our ascent...
We would love to see yellow strong buying continue to guide price out of our selling algos.
First step is a breakout of strong selling purple and then we expect a fight to occur between strong yellow and more tapered blue. Soon enough if blue or yellow holds price (bullish buying continuation) we will see a retest of our teal selling algo and that will be our...
