Continuation from the last post asfter being called an idiot...... I urge you all to watch the video I created if you haven’t done so all ready you’ll see in there I say “people don’t look at the bigger picture there not looking at supply or demand”
so granted GU has been extremely bearish, why would you want to sell here though with those strong demand levels below the last box is a demand level on the weekly chart. On the first page theory of a market you see M formations start downtrends and W start up trends ( not all the time) and once the formation of M or W is done we are looking for flags. fact is GU has to pull back it simply can’t fall and fall unless it crashes where will it pull back too our last supply level or around there.
Like I said in the video it could continue down but we need to try and gain a high probability trade and trading short into extremely strong demand levels is ridiculous, price needs to pull back create a flag to gain strength to push through the demand levels.
i don’t like to slag people off but in my eyes it not an idiot for looking at charts this way I’d say it’s pretty smart.
so granted GU has been extremely bearish, why would you want to sell here though with those strong demand levels below the last box is a demand level on the weekly chart. On the first page theory of a market you see M formations start downtrends and W start up trends ( not all the time) and once the formation of M or W is done we are looking for flags. fact is GU has to pull back it simply can’t fall and fall unless it crashes where will it pull back too our last supply level or around there.
Like I said in the video it could continue down but we need to try and gain a high probability trade and trading short into extremely strong demand levels is ridiculous, price needs to pull back create a flag to gain strength to push through the demand levels.
i don’t like to slag people off but in my eyes it not an idiot for looking at charts this way I’d say it’s pretty smart.
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