It's incredible how much information and confirmation we can get from the algorithms. My last DPZ video goes into the HTF chart and the incoming bullish picture.
But in this video, as I did in the last, I am showing you why we're heading lower for the time being and how we're setting up perfectly for continuation.
Where you see two arrows, you see price respecting a green tapered buying (which is a bearish liquidity builder). In addition, we are at the top of our red strong selling channel (which is selling continuation). Since green is there in order to help us continue lower and red is there to do just that, it proves itself over yellow (you see the dump that happens once we fall out of yellow - that's because green proved itself and we're heading down to and bellow green).
We see that exact thing happening again now. The second arrow is where I made the last video discussing the short opportunity down to the $480 level. We have since dropped out of strong yellow and are now proving green. What does that mean? DUMP!
So with the alignment of all these algorithms and most importantly a HTF intentional area below (massive liquidity sitting at $393), we have every reason to want to come down a bit before a larger move upward. And the algorithms are agreeing.
Happy Trading :)
But in this video, as I did in the last, I am showing you why we're heading lower for the time being and how we're setting up perfectly for continuation.
Where you see two arrows, you see price respecting a green tapered buying (which is a bearish liquidity builder). In addition, we are at the top of our red strong selling channel (which is selling continuation). Since green is there in order to help us continue lower and red is there to do just that, it proves itself over yellow (you see the dump that happens once we fall out of yellow - that's because green proved itself and we're heading down to and bellow green).
We see that exact thing happening again now. The second arrow is where I made the last video discussing the short opportunity down to the $480 level. We have since dropped out of strong yellow and are now proving green. What does that mean? DUMP!
So with the alignment of all these algorithms and most importantly a HTF intentional area below (massive liquidity sitting at $393), we have every reason to want to come down a bit before a larger move upward. And the algorithms are agreeing.
Happy Trading :)
Trade the Story
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Trade the Story
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.