buyers are being setup for a trap , it seems obvious but dont
my theory for gold sells
*I was initially bullish until
I noticed a few tricky things
* structure number 2 is not
a solid low, meaning they
have not proven themselves
to be stronger than number 1
sellers, because they have not
created a push above them,
so this low is misleading and
not a proper stop
* obv is in a downtrend while
price is in an uptrend, obv
in downtrend means that there
is an increased selling interest ,
so this diverging from price going
up can only mean .... there
are no buyers and price is not going up
due to a huge amount of buying power but the sellers are not pushing too hard in specific areas
* the 3 support lines are not solid support, in fact they are all wicks and 'fake lows'
* I dont have a solid stop to enter a short,
but all these things + divergence on rsi and mfi is just telling me that the obvious
buy trade might be a trap
*I was initially bullish until
I noticed a few tricky things
* structure number 2 is not
a solid low, meaning they
have not proven themselves
to be stronger than number 1
sellers, because they have not
created a push above them,
so this low is misleading and
not a proper stop
* obv is in a downtrend while
price is in an uptrend, obv
in downtrend means that there
is an increased selling interest ,
so this diverging from price going
up can only mean .... there
are no buyers and price is not going up
due to a huge amount of buying power but the sellers are not pushing too hard in specific areas
* the 3 support lines are not solid support, in fact they are all wicks and 'fake lows'
* I dont have a solid stop to enter a short,
but all these things + divergence on rsi and mfi is just telling me that the obvious
buy trade might be a trap
Pesanan dibatalkan
wow I was so wrong, well , at least I did not lose anything.
all my paid ( pro ) scripts can be obtained for a low price of 19.99 / month at : whop.com/sabr-pro-tools/access-to-all-pro-tools/
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
all my paid ( pro ) scripts can be obtained for a low price of 19.99 / month at : whop.com/sabr-pro-tools/access-to-all-pro-tools/
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.