*MRT (Market Ratail Traders) Rather wait than pay for the security around
PL(Price Levels) of 59-61$ therefore giving us Elasticity of (E +1). We can identify buying confident around 52-55$ PL(Price Levels)
Indicating Elasticity of (E -0) meaning *MRT are willing to pay this price for the security, however as confidence is lost we notice (E +1)
At a lower price than before due to *MRT's reduced interest of buying at certain price.
Waiting for an increased (E -0) comparative to last (E -0) performance would be wise as it indicates
incoming *MRT buying confidence at higher price levels.
Thank you for watching, please keep in mind this is my personal opinion on the security and you should not trade/buy/short based on this information. Please do your own analysis and give me a big smile :)
- Martzo_ Management,