strong sellers return to origin of strong buyers gap, 2 cases...

17 Ağu

1. we start with a gap up, showing buyer power
2. a return to fill the gap at 3
3. the genesis of the buyers that defeat sellers from #2 ,
establishing #4 as a higher high and #3 as a solid low
4. sellers enter here, defeating the solid low at #3 and returning
to below the gap up

* my thoughts were a bit bullish initially , this is generally where
the bullish jump began ...
* also I can see the case for sellers, especially after the
defeat of #3 with a violent selling bar
* if sellers go below #1, I will sell,
* if buyers push above 5, I see alot of open space to the top


* indicator used is a free chaos theory indicator available on my scripts

20 Ağu

İşlem kapandı: hedefe ulaştı

stop got as we entered during a minor pullback, but we went straight to TP on the second downward move.