XLM - Immediate group of timeframes tells me to short

Hi, iJustCoiners!

In this video i am covering my method to detect a potential top or bottom using White Energy.

I am also showing you a potential for the price action to go down at the short-term and immediate groups of timeframes.

If i picked the RIGHT momentum my short will hit these price areas:

- $0.23XXX
- $0.21XXX

That's where i placed my take profits. Will see how this will play out.

Click like, leave a comment a push that damn subscribe button!
Good luck!
Bye-bye!

Comment:

We have downward pressure rave between 1H and 2H

I pointed it on the chart with the purple circles on Phoenix indicator

If we see 2H Red RSI closed below 50 before 1H WE will run up above level 50 - that means downward pressure should continue, at least untill WE on the 2H will come up near to level 50

s3.tradingview.com/s...shots/4/4UibUYKj.png

Comment:

Comment:

2 more hours before this 2H candle closed with Red RSI below 50

Comment:

That's quite a move up. Is it to spook shorts? Or is it a reversal? If this is to spook shorts - it's the moment to ADD UP to your short.

If this a reversal you should know when to close your trade.

We have 30M vs 1H Upward Pressure Race / Green Circles
2H vs 4H Dowward Pressure Race / Purple Circles

Trade closed manually:

I didn't like the move up wich ocured. I'd better wait for another opportunity rather than risk my capital. Will have to watch 30M, 1H, 90M, 2H upward pressure races to catch another moment of weakness

Comment:

XLM has its 1D and 12H White Energy at the very top. If this 90M will close below level 50 at 3:00 that likely will mean that we will have 3H,6H to reverse as well, so they might drag down the 12H and 1D. That's the bearish outlook. In other hand we have 90M going UP, which will give power to 3H to continue going uom to the upside move can continue. Currect situation is very complicated for those who didn't buy buy the very bottom