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DXY - 3BR ATR14 P&F Chart Pattern
not an investment advice for educational purpose only .
HIGH POLE PATTERN
From the
3boxreversal.com/point-and-figure-high-pole-reversal-pattern-explained/
PSYCHOLOGY OF A HIGH POLE PATTERN
The High Pole reversal is a taller variant of the Bull Trap. The sharpness of the upside breakout gives the impression a new up leg is underway. Sensing a rally, shorts panic cover and simultaneously relaxed buyers are suckered in. The initial upside extension is very often good news-driven, perhaps an earnings beat in the case of a stock. However, with the rapid rise, the news catalyst is instantly absorbed by the market, demand dissipates. Supply swamps demand, causing the price to reverse and collapse lower at breakneck speed. Recently entered long positions are trapped on the wrong side of the market, in losing positions. Selling pressure intensifies as a domino effect takes hold. The market drops.
remark :-😎 Supply swamps demand means (asset purchasing of the the power that be is now @ 60 billion monthly ) QE could rise as needed print more money and lend it ...........
Best wishes
Nidal Alzubaidi
HIGH POLE PATTERN
From the
3boxreversal.com/point-and-figure-high-pole-reversal-pattern-explained/
PSYCHOLOGY OF A HIGH POLE PATTERN
The High Pole reversal is a taller variant of the Bull Trap. The sharpness of the upside breakout gives the impression a new up leg is underway. Sensing a rally, shorts panic cover and simultaneously relaxed buyers are suckered in. The initial upside extension is very often good news-driven, perhaps an earnings beat in the case of a stock. However, with the rapid rise, the news catalyst is instantly absorbed by the market, demand dissipates. Supply swamps demand, causing the price to reverse and collapse lower at breakneck speed. Recently entered long positions are trapped on the wrong side of the market, in losing positions. Selling pressure intensifies as a domino effect takes hold. The market drops.
remark :-😎 Supply swamps demand means (asset purchasing of the the power that be is now @ 60 billion monthly ) QE could rise as needed print more money and lend it ...........
Best wishes
Nidal Alzubaidi
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.