Price gave large bearish move sweeping lows, creating a w formation under a zone. the second leg of the W that reacted off of the zone is used as a confluence sell off zone for retail traders. it ends up turning into a W /Trap and moves bullish breaking the zone and retesting moving price even higher killing any and all traders that are in shorts. If price...
GER30 has has had a massive sell off. it has reached a very important resistance level right after swallowing up 2 previous swing lows on the daily. I think there is a decent pull back about to happen. drop down to the 5 min we got 3 levels of drop fallowed by 3 retest of a Block (CLIMBING THE STAIRS) . I think price about to pop.
I call this climbing the stairs. Price smashes through strong lows/support, but pull back above the zone with a bullish engulfing leaving a powerful orderblock behind, as price moves upwards after grabbing liquidity it will tend to retrace back to the tip of the block, then immediately reacts creating another bullish engulfing leaving another orderblock. and...
Price broke through clean highs taking out stops on two different levels, this will fuel a larger move to the downside. the movement back within and retest to the zone that was made before the clean highs were broken is my confluence for my sell. on a lower time frame its easier to see the swing failure pattern right into the zone. PRICE IS GUNNA DROP
easily spotted buyer induction, price has been parabolic bullish , created clean highs, induced to take the stops, m formation trap confirmation , we short. Take profit at the lows
3 levels of drop, right into powerful breaker block. sfp second leg of w . lets go long baby
this is an interesting trade, i am working on a concept, using levels. Sometime price give a reversal and a strong momentum shift, most shift will give atleast 3 levels of movement. when they dont, i see this as an incomplete algorithmic reaction ( problem ) with the only solution is for price to return to make the 3rd level, after its retracement. havent...
stops been raided, decision point that caused the raid has been engulfed. we take sell off of small retracement into levels 2 and 3
stops have been taken, massive sell off at key level, we are looking for 2 more levels of drop from this area