Hello traders,
this is the daily chart and
now the market is closed and current bar has no fuel to keep rising, so next few bars we may see down bars to test the latest area if there are some supply to absorb. then sequence 2 flying up ... all the study depend on VSA
It is just your personal desicion if you win or lose, be careful and follow your own Strategy...
we have a good oppurtinity to buy, don't forget the main trend is UP Trend!
It is just your personal desicion if you win or lose, be careful and follow your own Strategy and System!
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Hello traders, as you see this is VSA sequence and this down movement is finished, the market declined to make any lower prices, even in the daily chart we have stopping volume or stopping the down movement bar, it means the correction is finished in the up trend,. now the trend should continue rising and in the next few days we expect new highs,
don't forget in...
We have a weak background, it indicate to a down trend movement, this bar called upthrust is the sign, then we got this no demand bars then the market fall, also we got a new no demand bar, low volume bar is a very good sign to continue falling. I expect another 80 pips to TP2
In this Chart we are seeing a very weak Trend *weak = down movement* it all started from there 3 little up bars
look at their volumes, very low, and every up bar with low volume it means lack of demand.
no look at No Demand 2 it tried to test the Demand, the result was no demand! it's very good signal of the down trend.
so we have 3 targets, and each target the...
this long down bar supply coming in is a good weak signal to show a reverse in the trend, it would go to test the latest high, after we got supply coming in, we got directly 3 bars no demand in a low volume and it's very good!
It is just your personal desicion if you win or lose, be careful and follow your own Strategy and System!
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As we can see, price created ascending wedge short setup, there is also SOT formation which informing us that buyers are getting weak.. at 12 it was a large volume on the market so it was a signal that smart money are getting off and distribution is coming.. Sell a break of bottom trendline. I am expecting price will drop to first demand level around 1.2360 or...
As you can see price broke formed triangle after distribution phase on strong supply level. Wait for candlestick formation and enter for short. I am expecting price go down around 1.22300. Good luck
Price may go down in case the current bar closed red with low volume lower than the previous two bars
Otherwise , A climatic action may occur to test the red zone again with low up bar volumes
Wait for an up bar in the red zone "Supply Level" with a narrow spread and volume lower than the previous two bars , this indicates SIGN OF WEAKNESS "SOS" in a rising market which is a sell signal
Also a high volume bar closing near the middle within that red zone may indicate a professional selling
You can look for SOS by switching to lower time frames such...
