The Large range of 11 Day trading has forming up. Just pay attention at "11 Day VAL" zone. Price may move up and down between "11 Day HVN" and "11 Day VAL". Which is a battle zone between Buyer and Seller.
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Green direction: If the price couldn't break "11 Day VAL". We might expect that buyer will step in and push the price higher back to "Last week...
Price has broken up from 20++ Day range. SO bullish situation has set from that behavior. So If the price is still bullish, we don't want to see the price come back lower than YPOC. If it does come lower then that level. The bullish situation in small time frame will cancle.
Green>>> If price making a small boundary range around ATH. it interpreted the price will...
The upper boundry of 20++ Day Range is a key inflection point area. So we must pay attention to this zone area to see the behavior of price movement.
----Green----
If the price still bullish. We must see price holding above YPOC and trying to break ATH.
----Red----
If YPOC coundn't hold the price and if it's broken a next trend line and hold below it. A deeper...
Green: If price couldn't break down to NPOC and making higher low it determining that Buyer might try to push the price above 23 day HVN
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Red: If price has broken through NPOC. Watch for the rejection which will make a move back up to 23 day HVN
Red scenario: If price going streaght up and break through the red zone and come back underneath it. Wacth out the price will break trend line and come back down to yesterday VPOC.
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Green Scenario: If price hasn't break the red zone yet but pulled back and hold at the trend line or stay above 23 Day HVN range....
Still in Balancing Range trading strategy.
Green == If price can hold above YPOC and 9 Day HVN. It may potentailly move up to the upper boundary of 9 Day range.
Red == If price break and hold below YPOC and 9 Day HVN. It may potentailly move down to trend line at the red zone or lower than that.
Green== If price holding below 6 day HVN. It may come back down to YPOC which is confluence
level with trend line.
Blue== If price still very bullish, it may try to get above 6 day range
GREEN============================================================
- If the price can break and hold above yesterday POC. It's potentially can move back up to 5 Day HVN.
RED===========================================================
- If the price break up and come back down and hold below yesterday POC. It might potentially moving in the price range moving expected.
The interesting of the 1st buying key level is yesterday point of control which is conflulence with 3 Day HVN. If it's break below that level, look for next buying key level around the below rim of 3 day range.
No short's set up need in this circumstance. Only Buy signal need to look for. Depend's on how deep is price pulling back. In other word, which key level that make buyers active again?
2 Scenario has set for today
Green Dash== In case Buyer is very aggressive and won't let the price go below YPOC. Wait for price making a reversal signal to make a New All Time High.
Green== If the price make a deeper pull back to the 1st TL(Trend Line). And hold above 6 Day HVN. It could lead the price to a strong further move to make a New All Time...
Green === If it break and hold above YPOC looking for buy and target at upper rim of 5 day range.
Red === If it hold below YPOC looking for sale down to trend line (lower rim of 5 day range)
2 Scenario has set for today.
1. Buy Bias: If price hold above 38.2 Fibo.
Look for reversal pattern (Dubble buttom or Break out from price compression or Price Action or what ever that show the sign of Buyer has steped in).
2. Sale Bias: If price break and hold below 38.2 Fibo.
Look for break below and retest around level 38.2 Fibo.
From yesterday, the signal of long bull rejection at 4 hr. candle stick has curioused me of buyer coming in or other time frame seller has started taking profit. Even the price hasn't break a yesterday high yet. But short set up trade near the lower zone would be to risk and dangerous.
