OCNCASH - How to detect buyer moves using this simple method.
Example only. I called it 3 drive.
1st look at the left and mark on the price. In this case price accumulation before going up. Then price start to retrace with small candle. At this moment, detect with your eyes and marking every shadow that you see as example - arrow.. At last or 3rd shadow, price start to rebound upwards and now uptrend probably resume. (only 3 shadow need for this method).
U can also add MACD as your reference and see a divergent here.. so try and train your eyes if you see this type of pattern. No funky munky complicated method here. I juz use naked chart.. This is the best method.Believe me.
Update: price move upwards and now retrace at the first move. Higher high - higher low.. So don complicated things, as long price didnt break the higher low, bullish still in the move.
1st look at the left and mark on the price. In this case price accumulation before going up. Then price start to retrace with small candle. At this moment, detect with your eyes and marking every shadow that you see as example - arrow.. At last or 3rd shadow, price start to rebound upwards and now uptrend probably resume. (only 3 shadow need for this method).
U can also add MACD as your reference and see a divergent here.. so try and train your eyes if you see this type of pattern. No funky munky complicated method here. I juz use naked chart.. This is the best method.Believe me.
Update: price move upwards and now retrace at the first move. Higher high - higher low.. So don complicated things, as long price didnt break the higher low, bullish still in the move.
Trade closed: target reached:
Price reject @ buy zone 0.635 and fly to 1.0.. price return back to this area and fly again to 0.855.. what a good profit