If you caught the move down utilizing my last video, bravo. We knew what to look out for and why we were expecting that move.
Moving forward, we do have a bullish bias considering the strong recovery off of yellow support however we are going to need green and blue tapered selling to continue to build liquidity for a larger breakout. We can see massive liquidity built in our left shoulder for a potential grab of liquidity and confirmation of an inverse H&S.
For immediate price action, we do need to see our orange strong buying continue to carry price - and if magenta more tapered is what is holding us up, we do expect a retest of the bottom of our green and blue tapered selling algos. This, although short term would be bearish, would be great for bulls to utilize for a larger breakout upward.
Keep an eye out for those levels to act as support and reactivate our strong orange buying.
Happy Trading :)
Moving forward, we do have a bullish bias considering the strong recovery off of yellow support however we are going to need green and blue tapered selling to continue to build liquidity for a larger breakout. We can see massive liquidity built in our left shoulder for a potential grab of liquidity and confirmation of an inverse H&S.
For immediate price action, we do need to see our orange strong buying continue to carry price - and if magenta more tapered is what is holding us up, we do expect a retest of the bottom of our green and blue tapered selling algos. This, although short term would be bearish, would be great for bulls to utilize for a larger breakout upward.
Keep an eye out for those levels to act as support and reactivate our strong orange buying.
Happy Trading :)
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これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。