How Short - For How Long - How Long - For How Short
We wanted to do some 4 hour analysis on the current situation as there has undoubtedly been a lot of pumping through the use of big Vector candles in both directions.
After the $2.60 Short it has definitely been long
So The Green Vector Recovered the Reds at (80) in the hourly tf then gave that $1/$1.20 short just before it printed Blues.
Even though this is a 4 hour analysis that cannot be ignored as 4 one hour candles essentially for a four hour one. The particular 4 hour candle that did the most recent move up on 11012022 consisted of:
1. A 2pm candle which opened at 79.4,cannoned up to 80.08 as a very angry Green Vector candle only to be sent packing back down 78.87 as a now even angrier Red Vector candle to recover the whole of the only slightly annoyed Green Vector candle it printed at 8am that morning
2. A blue candle that opened at 79.05 with no bottom wick and ended up at 79.88
3. Another Blue that opened at 79.8 and hit highs of 81.25
4. And lastly a retail Dark Green candle that did 81.00-81.5
After that it has pretty much been vertical.
The next things that we cannot ignore is that the fact that a massive Green Vector is what did the touching of the Red Vector from 10112021 because we normally get a short soon after. We had first contact labelled at 82.25 and the top of the candle at 84.45 putting 83 slap bang in the middle. It is very scary that it decided to stop exactly around 83. We have observed that the midpoint, 33% and 66% 75% etc points in a Vector are good reversal points even if a trend continues. Due to this we have enjoyed some short scalps and are looking for a bigger short if it wants to continue down.
But if we know anything by now it is that when certain colours retrieve others, certain things happen and at the point of making this analysis a Green was being recovered in the 4HR tf, therefore even if it is to go down there would be a little move up and could even be the continuation. But we have more Green vectors below so you just have to be on point.
But we are looking to short hard if it fails to get back over 83. However the long that is possibly on can go to the top of the top box and way beyond as there are Red Vectors up there from 2014. We are looking below at some of that juicy Green Vector candle as our targets, but are constantly conscious that it has no obligation to recover the whole candle before going up again and it can recover it in multiple visits with vicious pumps in between.For that reason we look for confluences at key levels when a certain amount or all of the Green candle has been recovered to go long again for the resumption of the trend.
We want 4 hour closes in boxes to signal the journey to the ends of them.
Good luck guys!
This is not financial advice and should be taken with a pinch of salt
After the $2.60 Short it has definitely been long
So The Green Vector Recovered the Reds at (80) in the hourly tf then gave that $1/$1.20 short just before it printed Blues.
Even though this is a 4 hour analysis that cannot be ignored as 4 one hour candles essentially for a four hour one. The particular 4 hour candle that did the most recent move up on 11012022 consisted of:
1. A 2pm candle which opened at 79.4,cannoned up to 80.08 as a very angry Green Vector candle only to be sent packing back down 78.87 as a now even angrier Red Vector candle to recover the whole of the only slightly annoyed Green Vector candle it printed at 8am that morning
2. A blue candle that opened at 79.05 with no bottom wick and ended up at 79.88
3. Another Blue that opened at 79.8 and hit highs of 81.25
4. And lastly a retail Dark Green candle that did 81.00-81.5
After that it has pretty much been vertical.
The next things that we cannot ignore is that the fact that a massive Green Vector is what did the touching of the Red Vector from 10112021 because we normally get a short soon after. We had first contact labelled at 82.25 and the top of the candle at 84.45 putting 83 slap bang in the middle. It is very scary that it decided to stop exactly around 83. We have observed that the midpoint, 33% and 66% 75% etc points in a Vector are good reversal points even if a trend continues. Due to this we have enjoyed some short scalps and are looking for a bigger short if it wants to continue down.
But if we know anything by now it is that when certain colours retrieve others, certain things happen and at the point of making this analysis a Green was being recovered in the 4HR tf, therefore even if it is to go down there would be a little move up and could even be the continuation. But we have more Green vectors below so you just have to be on point.
But we are looking to short hard if it fails to get back over 83. However the long that is possibly on can go to the top of the top box and way beyond as there are Red Vectors up there from 2014. We are looking below at some of that juicy Green Vector candle as our targets, but are constantly conscious that it has no obligation to recover the whole candle before going up again and it can recover it in multiple visits with vicious pumps in between.For that reason we look for confluences at key levels when a certain amount or all of the Green candle has been recovered to go long again for the resumption of the trend.
We want 4 hour closes in boxes to signal the journey to the ends of them.
Good luck guys!
This is not financial advice and should be taken with a pinch of salt
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