Just as the chart depicts; the market is extremely bullish. There is also high activity at 12:00 pm UTC hr bar/candle suggesting that there is demand in the market. The smart money are buying so will therefore follow suit.
High demand in the market. There is considerably more bullish volume than bearish volume.
High activity on a downside. There is considerably more bearish volume than bullish volume
The market may fall due to high activity seen and noted in the background. There is considerably more bearish volume than bullish volume.
According to activities of professional money, the market might continue to rise.
A bullish deep crab pattern and a Fibonacci retracement of 0.618.
There seem to be demand on these price levels because the selling pressure from yesterday has slowly dissipated - meaning prices are likely to rise since there are minimal resistance at these hours
You gotta admit in any free market, before you sell your stocks, you will have to be able to distribute them to all your consumers. Well, the good news is that the exact process also takes place in the financial market. This is today's action. I have tried to clearly you show you the pre-emptive signs. To be able to catch this signs, you will have to gain the...
Brief: Any stock market revolves around certain principles, the imbalances of supply and demand. The bull or bear move will be caused only when either accumulation or distribution have been established. Accumulation causes the imbalance of supply and demand causing the bear market to turn into a bull market. While, distribution causes a bull market to turn into...
I have fully illustrated the dynamics of new trading. They really weren't designed for your benefit. Good luck and Happy trading :)
We have to agree on the fact that the news weren't designed for your benefit. To my level of my understanding, I think they were well designed to mislead you. Think in the context of the herd instict . This was my winning binary option trade. I thought I should share my thoughts on how I approached the market. Unlike many traders, I am fully aware of the...
For a bull market to start its full course, we would like to see a selling climax phenomena. This happens when there's a substantial transfer of stocks from weak holders to strong holders. The selling climax can be refereed as a shake out too. Shaking out the weak holders from the market and letting strong holders to take its turn. The market at the moment it's...
By now you should have noticed that the market is weak. In fact, the prices have penetrated through the bull's major trend lines. You should feel bearish. If you are looking to buy, I would suggest you to pay attention on a 0.618 Fibonacci retracement level. The 0.618 is a golden ratio. It has its great relevance. You should look up on it. You will learn its...
Before I thoroughly go through my chart. I want you to ignore the parameters you see on the chart because they were calculated at the highest/lowest points. The pattern that I have tried to illustrate, goes by the name of A bullish 5-0 pattern. It is joined with the anticipated bearish bat pattern. Prices are struggling to fall. Look back on May 18, there was a...
Yesterday I posted an idea on AUDUSD and I received few structural criticisms on my pattern. Apparently I had claimed that the pattern was a Cypher. There was a heated debate on my published idea( look up on it, I have linked it down). The confusion was caused because these traders that commented, didn't take their time to read the post. They simply judged the...