Sellers been failing to drop price in a downtrend market! As the div from the high ( possible future neckline) been stagnated there’s a bullish bottom with positive divergence at the major level , above accumulation (Acc range) is a mark up/ reaccumulation ( circle)
And the path of least resistance is up.
so we expect a higher high ( green) 4 a few hundred pips swings.
After well b looking 4 for a position trade with our students as we’ll trade the trendline in its superior form n the only way we’ll trade trendline - the second test off of a trendline from a spring/Utad out of accumulation or distribution.
Our students are taught this in our course session, even a child can get it as everything’s color code in a 3 part process.. as the first pullback ( second test) is the one the banks will defend n they must n will IF THEY ARE BULLISH and when we see it we know it’ll look bearish n we’ll buy the dwn bars as the (rs) forms off of the diagonal support of the spring thus these are the only trendline well trade blindly n it’s here we’ll hold the long to 1.9 to 2.
And the path of least resistance is up.
so we expect a higher high ( green) 4 a few hundred pips swings.
After well b looking 4 for a position trade with our students as we’ll trade the trendline in its superior form n the only way we’ll trade trendline - the second test off of a trendline from a spring/Utad out of accumulation or distribution.
Our students are taught this in our course session, even a child can get it as everything’s color code in a 3 part process.. as the first pullback ( second test) is the one the banks will defend n they must n will IF THEY ARE BULLISH and when we see it we know it’ll look bearish n we’ll buy the dwn bars as the (rs) forms off of the diagonal support of the spring thus these are the only trendline well trade blindly n it’s here we’ll hold the long to 1.9 to 2.
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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.