HomeWork on E6 Bigger Picture on Daily we have a current uptrend(correction) torwards a supplyline , where we reacted from... we can see that the rallie was on incresing vol. and good sized upbars.. wich is strong the reaction (A) also is on increasing vol. but the sellers have a hard time gaining ground to the downside we then have a rallie but make a lower High , the vol. increase on bar B but we fail to make a lower low this action combined with the background is rather strong then weak.. the following rallie makes a higher high but reacts on the supply line.. the most recent action where we see a pinbar .. might indicate that we eventually see another higher low ... wich all in all.. would look like absorbtion.. and we may break the supply line... however we are still in a downtrend overall.. but the recent rallie and the recent action.. do give the signs of strenght.. and therefore the blue scenario is more likely to happen. on H1 its a whole alot of a different story . .. current state of the market is weak DownTrend series of LH/LL the selling waves are on increasing Vol and steep , wide downbars (A,C,E) the rallies (B,D) B is on increaseing vol , but we move up rather hard (grind) and we make a lower High D. yet again the rallie is weak this time accompanied with dimnishing , dull low vol some scenarios are drawn in.. whereas the Blue ones are more likely to happen .. due to the weak action wich might lead to a test of the lows ... and as we have signs of strenght on the daily we might see buying action at the lows ...
Good job mademan. Moar market insight is good to hear. Hey, for all of you who know mav and goose. Move over...... Mav and Atty are afterburnin' in the F-22. BIG TIMEZ.
Hi Mav yes.. a quick run thru .. but not on all trades i took just summ it all up .. i will do that at the end .. somwewhat in the middle of next week..
Bro, next time you should ask for a $50k stipend for the loss of opportunity in your production account.