As I said from my post last week
The moves is the same but now it’s even more clear
As from my last post I said the bears are stepping in from the gap down on the weekly and now we can see well I hope u can now I’d been seen the struggle.
As what we have here and as I’d mentioned last week these patterns are bearish ( ranging bull like patterns..
As many traders will sale a flag or pennants 🤷🏾♂️ But .. ranging patterns are ones you should not participate in without knowledge of what’s the agenda Is.
So here notices the upper wicks on an angle. This is signs of a higher resistance pulling down from a moving average that is pushing price against an average on the current timeframe. Thus this will cause a breakout! But it’s heavy resistance above and what i say about breakout.? 80% of them fail. So knowing these facts and they are FACTS not my opinion when it’s my opinion I let that be clear! Why trade a breakout.? Smart traders know this. What is going on here is the market is attempt in to conquer the higher average with the outcome of failure... at current levels. Why? It goes like this. When price breaks an average or level that heavily controlled it usually fall from that only to come back later and break it with easy... but what it will end up being is just a pullback within this months candle . That’s why is imperative to buy low!! You want to be in the move up!
now. Notice.
The supportive range
This was made just for this purpose!
This is why price hadn’t been moving.
Don’t chase it !
Sell the failure is the better trade . Not all breakout fail but it’s not enough it’s better to let the market prove its success and can’t a pullback
So short the high
The moves is the same but now it’s even more clear
As from my last post I said the bears are stepping in from the gap down on the weekly and now we can see well I hope u can now I’d been seen the struggle.
As what we have here and as I’d mentioned last week these patterns are bearish ( ranging bull like patterns..
As many traders will sale a flag or pennants 🤷🏾♂️ But .. ranging patterns are ones you should not participate in without knowledge of what’s the agenda Is.
So here notices the upper wicks on an angle. This is signs of a higher resistance pulling down from a moving average that is pushing price against an average on the current timeframe. Thus this will cause a breakout! But it’s heavy resistance above and what i say about breakout.? 80% of them fail. So knowing these facts and they are FACTS not my opinion when it’s my opinion I let that be clear! Why trade a breakout.? Smart traders know this. What is going on here is the market is attempt in to conquer the higher average with the outcome of failure... at current levels. Why? It goes like this. When price breaks an average or level that heavily controlled it usually fall from that only to come back later and break it with easy... but what it will end up being is just a pullback within this months candle . That’s why is imperative to buy low!! You want to be in the move up!
now. Notice.
The supportive range
This was made just for this purpose!
This is why price hadn’t been moving.
Don’t chase it !
Sell the failure is the better trade . Not all breakout fail but it’s not enough it’s better to let the market prove its success and can’t a pullback
So short the high
