DislikedI've changed my mind on this. Regardless of what the individual candles are doing right there, the market is still making higher highs and higher lows. Watch what the market does around that support level and if it breaks through watch what it does at DSRI for another potential higher low. PA to show the way.
Is this close?Ignored
Is this close?
Closer than you probably think.
When PRICE is going DOWN, sellers are SELLING. They will continue to sell UNTIL…………………………….?
When PRICE is going UP, buyers are BUYING. They will continue to buy UNTIL…………………………….?
The answers to those questions are on each and every chart and are part of the FOOTPRINT left behind by the market.
Recognising and reading candles is just the basic information. Learn to SEE BEYOND CANDLES.
Learn to recognize market sentiment (no, not funny mentals).
Remember PASR is ALL about what PRICE does (or doesn’t do) at SUPPORT and RESISTANCE.
Also remember that markets are ENERGY then study and UNDERSTAND Newton’s 1st Law of Motion:
Every object in a state of uniform motion tends to remain in that state of motion UNLESS an external force is applied to it.
Once UNDERSTOOD, move on to Newton’s 3rd Law of Motion:
For every ACTION there is an equal and opposite REACTION.
Damn, you awakened my technicals again. Now I have to switch off and go back to being the Village Idiot!
15 YEARS OF PASR ON FOREX FACTORY!
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