As pointed out in the video; we are still experiencing downward pressure in the 12h and 24 hour time frame and lower time frames. We cannot be CONVINCED we are going to have a REVERSAL to upward pressure for a decent period of time UNTIL we have the White Energy in a higher time frame (such as the 2-Day TF) CLOSE above 50% WITH the Red RSI also CLOSING above 50%. Also, we will not be CONVINCED we will have a REVERSAL to upward pressure for a fairly long period of time (2 weeks or more) until the Red RSI in the Weekly Time Frame CLOSES above 50% WITH the White Energy in the Weekly ALSO CLOSING above 50%. The same can be said for the 2-Week, 3-Week, etc...
BELOW: Is the publication I referred to in the video in which I said our price action is likely to be "uneventful/boring" with the price action riding along the Bollinger Band Basis in the 2-Day TF for a while.
BELOW: Is the publication I referred to in the video in which I said our price action is likely to be "uneventful/boring" with the price action riding along the Bollinger Band Basis in the 2-Day TF for a while.
Nota
TO BE CLEAR: DOWNWARD PRESSURE CONTINUES... Which means IF you are margin trading, you should still be in a SHORT position until we see a sign for a potential reversal to upward pressure. ONCE you are in profit, you SHOULD consider implementing a TRAILING Stop to try to lock in gains if the price were to turn back up hard all of a sudden. The advantage of a TRAILING Stop is the STOP WILL MOVE to a lower price in a SHORT position as the price continues to fall; which in turn LOCKS IN more gains as the price moves down because your STOP is TRAILING down with the price.Nota
12h Time Frame:Nota
We have a NEW Daily (24h) Candle (Left) and NEW 2-Day Candle (Right): We still do not see a definitive sign of upward pressure yet.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.