I try to see the price action as a story being presented to you.
In this case we can look at struggle from down towards up with quite confident moves.
Then we approach some resistance and fight between bulls and bears.
We cant know what would happend. Based on price action as the story.
If this candle closes above or in top part of previous candle shadow,
I see it as strong impuls to go to the territory where it is not welcomed,
thus confirming the trend.
We shall see.
In this case we can look at struggle from down towards up with quite confident moves.
Then we approach some resistance and fight between bulls and bears.
We cant know what would happend. Based on price action as the story.
If this candle closes above or in top part of previous candle shadow,
I see it as strong impuls to go to the territory where it is not welcomed,
thus confirming the trend.
We shall see.
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.