They would have a desire to exit when price comes to their level.
The sellers tried to sell below the monthly low and failed. Look for them to exit when price comes back to that zone : giving us a beautiful LONG trade. Go for 2x risk.
When sellers exit : they create forced demand (as they have to buy). Hence, we went Long.
A bunch of trapped buyers above the monthly high got caught in the recent selloff : creating a great sell zone for shorts.
There are a bunch of trapped sellers below previous month low and current month low - who would love to exit when price comes back to them - giving us a long entry. Look to trade each zone with a 2R risk:reward ratio.
Many buyers were caught in today's selloff. This zone shows where the most volume of these trapped buyers is. Take a short when price comes back to this zone.
Many buyers were caught in today's selloff. This zone shows where the most volume of these trapped buyers is. Take a short when price comes back to this zone.
The 4H chart for CME_MINI:ES1! has been making equal high tops since 10th August 2020. This means there should be a bunch of stops above the highs. This also being the all time high, there's a very high probability of a stop hunt and then a push lower into demand zones below. Direction bias : 1) Stop hunt in direction LONG 2) Followed by reversal SHORT
In Jan 2018 DXY broke below it's pivot lows, accumulated for 4 months and then rebounded sharply - leaving a ton of sellers in pain. When price reaches back to their location - the'll look to break even (meaning will create forced demand). DXY could experience a rebound in that zone.
If this candle closes below 3076, it's a sell. Only catch is - the downwards breakout from the wrb sell zone is not happening on high volume (currently at 1:35 PM PST). Trail your way down. Next bullish WRB hidden gap zone is at 2624
GBPUSD is currently setting up for a short trade in H1 timeframe. The price is currently sitting in a virgin D1 and W1 supply zone. In H1 and it has just taken out an opposing H1 demand zone. Go short when the origin supply zone on H1 is retested
I'm staying in bearish sentiment on ES till it breaks out of the pitchfork. Then planning to buy VGT - as I believe that the tech sector would be least hurt in this carnage (least exposed to industrials).
A ton of buy stops above R2. Buy @ close above R2
SPY shows a good price weakness which should be bought into. Investor ma's are strong, widely spaced & up-trending & with no contraction Distance between the trader & investor ma groups hasnt decreased due to the recent sell off Shorter timeframe guppy's have started to recover