PVSRA, EU: Bulls or Bears? Building or Running for Profits?
M1 PVSRA clearly shows bulls at work. Easy time to move prices after LS closes. Where do prices go? Lower, below 1/4SR. Where is the higher trading being done? Lower. Buy low, sell high. This is a pullback down to add longs. On M15 you can see trend is up and this pullback down is higher than previous ones. It all fits into the picture of bulls in run for profits mode, using easily manipulated pullbacks (down) to add longs.
M1 PVSRA clearly shows bulls at work. Easy time to move prices after LS closes. Where do prices go? Lower, below 1/4SR. Where is the higher trading being done? Lower. Buy low, sell high. This is a pullback down to add longs. On M15 you can see trend is up and this pullback down is higher than previous ones. It all fits into the picture of bulls in run for profits mode, using easily manipulated pullbacks (down) to add longs.