indicator 1: ADX
never reaches the critical level
(blue horizontal line on indicator 1. window)
and so, this tells us that the up move
we see in the left side of the chart,
is a fake up move, or a pump first
in order to have the dump after.
plus indicators 2. and 3. have entered the sell zone
at the same time which is a clear indication
of strength and so we can more easily consider
that the down move seen here is a real down move,
after we saw the fake up move happen first,
which took out a lot of cash and a lot of traders
out of the game, before the real move
does actually happen.
never reaches the critical level
(blue horizontal line on indicator 1. window)
and so, this tells us that the up move
we see in the left side of the chart,
is a fake up move, or a pump first
in order to have the dump after.
plus indicators 2. and 3. have entered the sell zone
at the same time which is a clear indication
of strength and so we can more easily consider
that the down move seen here is a real down move,
after we saw the fake up move happen first,
which took out a lot of cash and a lot of traders
out of the game, before the real move
does actually happen.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.