Is this SLKT, FOMO EVRT or the Daily NS+DB is winning.
LOL I'm confused..
LOL I'm confused..
Looks like going up soon? {image}
1) We have serious resistance zone (red square) built from high-volume bars on 24/Oct
2) Also, we have SLKT above the minor high of 25/Oct
3) Also, we have down-ward trend line overhead
These 3 bearish factors make me a sceptic about possible development of up-move.
Oleg Alexandrov, market analyst. Find me in Google
Is this SLKT, FOMO EVRT or the Daily NS+DB is winning. LOL I'm confused..
Let's avoid misunderstanding. If you are want to ask a question about Chart Reading signs related to a particular chart - prepare the chart accordingly before posting. Mark signs, use arrows and notes in order to clarify your question. Remove if possible unnecessary lines/indicators. The better question - the better answer. Thanks.
Oleg Alexandrov, market analyst. Find me in Google
Is this a valid setup for possible short? This is 4 hour. but the daily shows a different story. {image}
Yes. It was ND. But it has appeared after signs of Hidden Strength.
We have 1+2 = both EVRBs with 3 = DB.
Placing shorts with EVRB+EVRB+DB on the recent background is a risky business.
Oleg Alexandrov, market analyst. Find me in Google
After yesterday’s Big FED-powered Pump (1), EURUSD produced weak morning.
We had:
2) SLKT above the previous minor high. If this green bar was a real strength, why did the next 4 bars closed lower? (It was SLKT Trap).
3) ND (green arrows) with SB (red arrows) sequences
4) EVRB. Some strength is coming as price approaches the level of 50% Fibo.
Despite we had an intraday decline, we should consider this market as bullish until the breakdown of 50% line = 1.11250
We had:
2) SLKT above the previous minor high. If this green bar was a real strength, why did the next 4 bars closed lower? (It was SLKT Trap).
3) ND (green arrows) with SB (red arrows) sequences
4) EVRB. Some strength is coming as price approaches the level of 50% Fibo.
Despite we had an intraday decline, we should consider this market as bullish until the breakdown of 50% line = 1.11250
Oleg Alexandrov, market analyst. Find me in Google
You can find 1, 2, 3 or even more pullbacks within any up-trend. Why does market produce pullbacks?
The very first answer is :
if price would trending in straight line direction - it will be too easy for people to recognize trends and making money by joining the trend. But markets are not designed to make money for people. It designed to mislead people and make them fools. This is the correct answer IMO. And the next chart is showing this principle in a very clear way.
1) Up-trend
2) Here is pullback. This pullback is quite deep. It even penetrates...
3) .. the previous minor low. So, people decided - here is the first lower low. Market has changed its behavior. We need to short. And they do it as can be seen...
4) .. on this indicator. It mixes and shows data from broker houses. Green Line - Opened Longs. Red Line - Opened Shorts. As you can see, red line goes up. It means sellers established new positions. The number of buyers goes down. This is exactly what does market wants - remove buyers and attract sellers before the continuation of up-trend.
Pullbacks needed to complete this market's objective.
The very first answer is :
if price would trending in straight line direction - it will be too easy for people to recognize trends and making money by joining the trend. But markets are not designed to make money for people. It designed to mislead people and make them fools. This is the correct answer IMO. And the next chart is showing this principle in a very clear way.
1) Up-trend
2) Here is pullback. This pullback is quite deep. It even penetrates...
3) .. the previous minor low. So, people decided - here is the first lower low. Market has changed its behavior. We need to short. And they do it as can be seen...
4) .. on this indicator. It mixes and shows data from broker houses. Green Line - Opened Longs. Red Line - Opened Shorts. As you can see, red line goes up. It means sellers established new positions. The number of buyers goes down. This is exactly what does market wants - remove buyers and attract sellers before the continuation of up-trend.
Pullbacks needed to complete this market's objective.
Oleg Alexandrov, market analyst. Find me in Google
Innner market workings.
Valid also for all markets - crypto, forex, stocks
1) We have an active down-trend in place.
2) A lot of traders have opened shorts. More than 75% of opened positions - are shorts. Let's assume - the downtrend is going to resume. But market is not designed to make money for people. That is market needs some trick to kick off sellers from profitable positions. How? By triggering their Stop-losses. And then...
3) ...SLKT - Stop-Loss Killing bar - arrives. This SLKT manipulation...
4) ...dramatically decrease the balance of Buyers and Sellers on market. The reason - ...
5) ... sellers are knocked out from their shorts. They could earn some profits, instead, they left the market without profits (as usual).
That is why we should expect decline on the up-coming next week.
Thanks for reading.
Valid also for all markets - crypto, forex, stocks
1) We have an active down-trend in place.
2) A lot of traders have opened shorts. More than 75% of opened positions - are shorts. Let's assume - the downtrend is going to resume. But market is not designed to make money for people. That is market needs some trick to kick off sellers from profitable positions. How? By triggering their Stop-losses. And then...
3) ...SLKT - Stop-Loss Killing bar - arrives. This SLKT manipulation...
4) ...dramatically decrease the balance of Buyers and Sellers on market. The reason - ...
5) ... sellers are knocked out from their shorts. They could earn some profits, instead, they left the market without profits (as usual).
That is why we should expect decline on the up-coming next week.
Thanks for reading.
Oleg Alexandrov, market analyst. Find me in Google