"LL, then HL, and then another LL is a strong indication of a future price retest - often read as odd price action since the entire sentiment was bearish and meaning at one point there was an impulsive price action during the sentiment."
A true bearish confirmation would be a continuation of LL's and LH's, while HH's and HL's beginning in the demand zone can be confirmation of a complete reversal, be keen to how the future HL's are broken - this can create LL's and show a false bulltrend which would be on the lower timeframe.
A true bearish confirmation would be a continuation of LL's and LH's, while HH's and HL's beginning in the demand zone can be confirmation of a complete reversal, be keen to how the future HL's are broken - this can create LL's and show a false bulltrend which would be on the lower timeframe.
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This entire movement since December 22nd within that current demand zone is about 13 days of impulsive liquidity that is setting up for proper price action as a corrective move.
I'll be watching closely for 9AM openings for the rest of the week to see if we break above $137 or below $133.
Breaking below $133 should confirm the overrall sentiment, shifting into bearish for the lower timeframe trend to create more LL's on the higher timeframe sentiment, which we can see below $119.
Breaking above $137 with a retest for HL's may be a confirmation of a complete reversal for the sentiment to shift bullish going into January, which can head as high as $144 in the upcoming days/weeks, and we'll see HH's to a true bullish sentiment after breaking $173.
I'll be watching closely for 9AM openings for the rest of the week to see if we break above $137 or below $133.
Breaking below $133 should confirm the overrall sentiment, shifting into bearish for the lower timeframe trend to create more LL's on the higher timeframe sentiment, which we can see below $119.
Breaking above $137 with a retest for HL's may be a confirmation of a complete reversal for the sentiment to shift bullish going into January, which can head as high as $144 in the upcoming days/weeks, and we'll see HH's to a true bullish sentiment after breaking $173.
Where the white whales are, the white fish also belong.
Just little fish, in a big pond.
Just little fish, in a big pond.
I wonder how many (if any) subs are under prop firms and would like to know which ones they use.