a return to structure after gap up presents high RR = BUY

19 Ogo

1: entrance of sellers, kind of one sided and seemed to be more of a
profit take, rather than the start of a downtrend
2: buyers enter here and we see a controlled movement up,
why this is important is because this kind of movement is sustainable,
apposed to 1-2 this kind of movement can go for quite a while as control
of the market is passed back and forth between participants
3, a strong selloff brings us down to the current 'boss' of the market
2: price closed higher than the downtrend given by 1 , this gives confidence
that 2 has solid buying power, at least stronger than 1 sellers

what do I think will happen next ?

* I dont know if sellers at 3 are as strong or weaker than 1, if that is the case,
then we could see buyers rejecting price going lower, as this is 'cheap' for them,
and they will buy..

* we would want to see some kind of confirmation, I do like that at 4 we have an
inside candle meaning a slowdown, if price comes back up a bit it could
be a good high RR entry

* mfi and rsi hidden divergence, helps the case a bit oversold but I dont care, its too volitile for this to mean anything, if anything this is something
that would confuse the analysis

* according to chaos theory , if a bar closes above a zone, there is a 73% chance it reaches the next zone above, so we can have a breakeven period and a logical tp using the theory of chaotic expansion of a system

20 Ogo

Pesanan dibatalkan