preface :
- I can see just as anyone else that we are angled upward ,
as per both LRC's here. regardless there are some points to note
1. smooth flow with a transition of power without much imbalance,
favoring the buyers
2. gap down, then all the way back up to 2
3. a lack of structure to 4, apposed to the smooth flow from 1-2,
could this simply be profit taking by the sellers at two, offloading
their orders to anyone and everyone causing massive spikes back to 4?
4. almost 3 touches of the resistance , wary buyers as per the
analysis of earning caused a dump, unless something changed?
what do I think will happen ?
* between 3-4 we have an unusually strong volitile one sided move,
normally these are followed by a smooth trend the opposing direction,
I could envision price coming back down to 3, or maybe at least 3-4
midpoint. it is taking too much libery to even hint at a turnaround ,
a pullback on the other hand.... possible, especially with this volitlity.
* RSI , MFI and Accumulation distribution all have hidden divergence,
as well as all being oversold, I dont care much about oversold, during
high volitility movements the overbought and sold are pretty much useless,
* over the past 2,500 bars, if price closes below a zone, we have a 67%
chance it follows through to the other end , you can manually verify
by reducing the lookback period. these are great odds!
- I can see just as anyone else that we are angled upward ,
as per both LRC's here. regardless there are some points to note
1. smooth flow with a transition of power without much imbalance,
favoring the buyers
2. gap down, then all the way back up to 2
3. a lack of structure to 4, apposed to the smooth flow from 1-2,
could this simply be profit taking by the sellers at two, offloading
their orders to anyone and everyone causing massive spikes back to 4?
4. almost 3 touches of the resistance , wary buyers as per the
analysis of earning caused a dump, unless something changed?
what do I think will happen ?
* between 3-4 we have an unusually strong volitile one sided move,
normally these are followed by a smooth trend the opposing direction,
I could envision price coming back down to 3, or maybe at least 3-4
midpoint. it is taking too much libery to even hint at a turnaround ,
a pullback on the other hand.... possible, especially with this volitlity.
* RSI , MFI and Accumulation distribution all have hidden divergence,
as well as all being oversold, I dont care much about oversold, during
high volitility movements the overbought and sold are pretty much useless,
* over the past 2,500 bars, if price closes below a zone, we have a 67%
chance it follows through to the other end , you can manually verify
by reducing the lookback period. these are great odds!
for trading mentorship and community, message me on telegram : jacesabr_real
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
for trading mentorship and community, message me on telegram : jacesabr_real
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.