The ability to decode what price is doing is a remarkable skill to develop and work toward its master as every bar gives clues. One just has to understand this fact. As every bar is a battle between the bulls and bears to take the candle out of its equilibrium. And there always a trail left behind that tells the story !
So let’s look here
What we see! We don’t play attention to the direction as this is misleading we play attention to how each side reacts toward each other aggression
So here we have the range ( always isolated it) there’s no other way to understand price if you don’t cus price direction starts leaves and returns to a range. We need to understand if that range is bullish or bearish if it’s bullish it will fake low etc etc and once it gets enough orders filled it’ll spring price back!
So we see from the drop into the range that the bulls responded with a candle that penetrated into its decent( psychology this is major blow to the bears as each time a candle can slice into your aggression more than 50% is something) so we have to use market psychology with price action to understand the impact of a move will have on the morale of the other pair.
Notice at the top of the range we see a high tail Inverted hammer names doesn’t matter it’s the meaning behind the move.. many think of this as a bearish signs but everything must have content based on what’s going on on the left! So here it’s cis bullish.
As we establish the range is bullish we can establish that that move was to break an order block above
So we trace that move to the left
And what do we see? A bearish orderblocks
What is an orderblock?
An orderblock is a pullback that fails at resistance or support that traps traders on the wrong side of the market. Most tight flags are!
Now notice how that block sold price out the range as the order block was weaken to make ease of price to pass through,,
Now how we know ..?
Let’s continue to uncover the story ..
So notice the double bottom low
The bulls took the high and closed high
The bears took the next candle high but the bull still have the high out of the bulls double bottom run
Notice the bears took price lower but the bull took the low from the bears as its critical for the bears to do this
Now notice the bulls push up and closed out
Notice how the bears responded
They didn’t take the high of that close of the bulls they just open up the next session.
So we pause right here
And compare these interactions
So the bulls took the the high and low
The bears didn’t take any highs and the first opening they took the sessions high but on their next rally they just open the session thus the candle has a bald head with no wick
So we can see weakness in the bearish response to the bull actions,
So we can conclude whose is taking control..
The issue most traders have,, is the lack of patience to try to understand the market and the lack to trade with that patience so you’ll tell them what’s going to happen but since it’s not in their face they doubt.. this is exactly how the market wins
This why I don’t give entries or exits it’s an art that’s more complex than what the signal community presents as there always two side of a trade like a coin..
the goal is to be able to understand what is going on before it happens this only comes through being able to read price! Trendlines channels bats and cats fib ratio all these tools we use are supplements.. we spend so much time on learning them that we neglects what they are supplementing and this is core price reading...
But this is how the players want it to be so most traders will continue to fail and overlook chart reading
Highest probability in current state - throwback into liquidity for trend continuation
So let’s look here
What we see! We don’t play attention to the direction as this is misleading we play attention to how each side reacts toward each other aggression
So here we have the range ( always isolated it) there’s no other way to understand price if you don’t cus price direction starts leaves and returns to a range. We need to understand if that range is bullish or bearish if it’s bullish it will fake low etc etc and once it gets enough orders filled it’ll spring price back!
So we see from the drop into the range that the bulls responded with a candle that penetrated into its decent( psychology this is major blow to the bears as each time a candle can slice into your aggression more than 50% is something) so we have to use market psychology with price action to understand the impact of a move will have on the morale of the other pair.
Notice at the top of the range we see a high tail Inverted hammer names doesn’t matter it’s the meaning behind the move.. many think of this as a bearish signs but everything must have content based on what’s going on on the left! So here it’s cis bullish.
As we establish the range is bullish we can establish that that move was to break an order block above
So we trace that move to the left
And what do we see? A bearish orderblocks
What is an orderblock?
An orderblock is a pullback that fails at resistance or support that traps traders on the wrong side of the market. Most tight flags are!
Now notice how that block sold price out the range as the order block was weaken to make ease of price to pass through,,
Now how we know ..?
Let’s continue to uncover the story ..
So notice the double bottom low
The bulls took the high and closed high
The bears took the next candle high but the bull still have the high out of the bulls double bottom run
Notice the bears took price lower but the bull took the low from the bears as its critical for the bears to do this
Now notice the bulls push up and closed out
Notice how the bears responded
They didn’t take the high of that close of the bulls they just open up the next session.
So we pause right here
And compare these interactions
So the bulls took the the high and low
The bears didn’t take any highs and the first opening they took the sessions high but on their next rally they just open the session thus the candle has a bald head with no wick
So we can see weakness in the bearish response to the bull actions,
So we can conclude whose is taking control..
The issue most traders have,, is the lack of patience to try to understand the market and the lack to trade with that patience so you’ll tell them what’s going to happen but since it’s not in their face they doubt.. this is exactly how the market wins
This why I don’t give entries or exits it’s an art that’s more complex than what the signal community presents as there always two side of a trade like a coin..
the goal is to be able to understand what is going on before it happens this only comes through being able to read price! Trendlines channels bats and cats fib ratio all these tools we use are supplements.. we spend so much time on learning them that we neglects what they are supplementing and this is core price reading...
But this is how the players want it to be so most traders will continue to fail and overlook chart reading
Highest probability in current state - throwback into liquidity for trend continuation
