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What is confirmation?
Look at this price story:
There is something on the left that hold price we call it number 1.
Traders quiz: why?
Why price stopped here?
We also have something that keep price down and we call it number2.
Again quiz: why?
This is a range area where supply and demand are equal .
Buyers or sellers?
Who may control the game?
Which one is winner of battle?
We also have a blue flash where buyers cleaned sell orders and engulf number2 area.
This is a confirmtion but keep in mind most of time after this scenario price retrace to load main orders from where there is a clear decision .
This is very simple and can help you understand how to play in market when there is a similar story.
Have a safe trading week.
Look at this price story:
There is something on the left that hold price we call it number 1.
Traders quiz: why?
Why price stopped here?
We also have something that keep price down and we call it number2.
Again quiz: why?
This is a range area where supply and demand are equal .
Buyers or sellers?
Who may control the game?
Which one is winner of battle?
We also have a blue flash where buyers cleaned sell orders and engulf number2 area.
This is a confirmtion but keep in mind most of time after this scenario price retrace to load main orders from where there is a clear decision .
This is very simple and can help you understand how to play in market when there is a similar story.
Have a safe trading week.
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.