DislikedA study of the volume-price action should involve looking at lower TFs as well as higher TFs. Look at M5. Obviously one of the very tallest volume histogram bars (yellowed) is for the highest price of the day! What does that mean to you?
To me, it means the Bear is in control, and the whole of the shenanegans today has been orchestrated to pump, and re-pump to trick longs into the market so the Bear could add shorts. And, if this interpretation is correct, eventually there will be a grand move down. I no longer see this happening today because...Ignored
got the ideea! tho..i took long trade based on 'trade what you see not what you think': angle of dragon was pointing up, price was traversed the dragon up then returned into dragon....
will see later if it will reach SL or will close it manually...as i dont want to hold it over weekend!
good trading to all
fokyou forexfactory