Also, since this BLUE CIRLCE ON M1 is the NORTH POLE that would mean this area is very strong to penetrate...correct?
Yes Correct,
As I was answering your question it went south
If so, does that not mean it may bounce upward or just consolidate here until there is enough pounding on it to go thru?
Yes, it could bounce upwards, on this time frame, but the gravity of bigger ones would make it go down. Also notice once it got inside that blue circle it started to form resistance around the perimeter, that itself will tell you that now the circle is going to be hard to penetrate upwards.
More time spent around the perimeter of the circle to make it resistance in this case, then chances are increased to go down.
If motion started to consolidate around the blue circle on the outer perimeter of it, then in this case it would go around the perimeter of it to come down.
Yes Correct,
As I was answering your question it went south
If so, does that not mean it may bounce upward or just consolidate here until there is enough pounding on it to go thru?
Yes, it could bounce upwards, on this time frame, but the gravity of bigger ones would make it go down. Also notice once it got inside that blue circle it started to form resistance around the perimeter, that itself will tell you that now the circle is going to be hard to penetrate upwards.
More time spent around the perimeter of the circle to make it resistance in this case, then chances are increased to go down.
If motion started to consolidate around the blue circle on the outer perimeter of it, then in this case it would go around the perimeter of it to come down.
DislikedKambooj,
If you get time maybe you can answer my question on your RSI statement....refer to my past post or first one...thanks
Also, since this BLUE CIRLCE ON M1 is the NORTH POLE that would mean this area is very strong to penetrate...correct? If so, does that not mean it may bounce upward or just consolidate here until there is enough pounding on it to go thru? I know M1 is not as credible as a 15M chart....but just wondered if this is why we are not traveling SOUTH again...I really expected the TREND today to continue South...at least by...Ignored