After the Big Drop and Breaking the Range to the downside, We managed to Reclaim the range once again. GBP met the mid range and struggled to move higher. After mid range resistance and as you see with the help of the small swings we have market structure shift to the downside. I expect more downside until we meet a reasonable support near the range low again,...
- Small but important negative deviations in base region started - negativity leads to reaction in favor of bull market
From March 17 to March 31, trapped between the support and resistance levels, storm in a teacup.
I am always excited about what the users here conjure up with Pine. I don't know if it's because of Pine’s new features, but little by little TV just keeps getting better and better. What caught my attention is the Raindrop from Makit0. You can find the indicator, or let's better call it this charting instrument, when you search for "Raindrop" in the Indi...
Our EMA (the blue line) is a great support and resistance line for an uptrend or downtrend in price action. We can use this to our advantage. After a bit of studying the price action, I found that during down trending price action, if one of the red candles deviates from our EMA by around $1000, it is almost always likely to jump back to the EMA. I indicate...