-Price is in contraction and building shelf at the high
- buyers will freak out as stops start getting run and fall back into previous swing
- buyers from last low want to step up and buyers that missed the last run will pile in at the higher low.
- stop is under known buyers that held and entry is at buyers that lifted price to new high
- this is based on...
Price is in the upper half of the Swing and is in contraction - after contraction is expansion -
trade is for expansion higher out of the minor contraction to a new high. Have your Trade Plan
and take your chances.....
Price is in the upper half of the swing and is in contraction - after contraction is expansion -
trade is for expansion higher out of the minor contraction to a new high.
Sellers took control of the market with the tail up at the high
buyers tried to go higher after the tail and sellers hit them back down
Buyers tried to step up and hold the line but couldn't - sellers swapped them out
Market is going down now until it's not
Price runs up out of a relative low, Buyers step up and try to make a new high and confirm the major reaction Leg. Sellers holding at the high and pullback into a major reaction, buyers step up to the consolidation at the centre of the impulse leg up and make a new high. Buyers try to step up, break outs get washed and pulls back to re-test the minor confirmed...
