Off topic but as an leading indicator for "market timing" is when defensive stocks return to their original strongest demand zones from their origins of a past move & are met again for another strong rally, this seems it could to be happening to MBS, time will tell! With that said overall markets could be nearing their record highs and potentially pullback...
prices been on upwards channeling for a while now. price's refreshing itself for the next move , pullbacks are becoming longer in duration, highs are lessening, polarity is changing and important internal structure shows buyers are lacking so their only novice participants up here not pros from the bull side. lets see how price behaves over coming week/s or...
LOOKING FOR BULLISH PA - Patience and discipline down here, will wait for price to confirm major players are within this demand zone,
Big boys buyers are building orderflow , bullish price action is gathering in and around prior lower lows region, momentum and pullbacks also show potentially nice confluence also. Looking for how price enters region /if it even enters? will monitor demand from around 0005 level. l'll wait for confirmation before gambling my hard earned money before l...
Chart structure and pullback were at nice levels. overall HTF is bullish ,Ranged for long time momentum change happened , LTF shows accumulation phase as shows sellers couldn't get any lower. await retest don't be fooled fomos buy at a discount please . news events and chart confluence work together . l except Crypto's , and yes nothing is free in life !...
seller weakness in and around demand zone with bullish strength ,waiting for pA if it shows
price became expensive so price sold off (above) and perfectly timed l might add., if lower prices builds PA around area l'll look to buy. did my top down analysis to find fresh demand where buyers could be waiting
becoming exhausted from sells, price structure shows bears weakening, closely finished. Will be looking for bullish PA and structure over coming months. l'll be wanting to see if and when big boys are here before l enter in as l hate gambling clear charts! just read logic of buyer vs sellers
watching for potential buyers within zone to maybe build , understand profit taking is under way currently here, l'm looking for price structure not just price action , price could slice straight through because of its momentum strength so lets see more data down here from more clues on what price is telling us. Added to watchlist.
added to watchlist, waiting for w1 mn PA to become bullish .
monthly LL formed recently as expected,albeit weak, worlds selling from panic, l've become buyer as HTF target is reached, with internal bulls active. waited years thats patience for ya!!
if more buying builds down here and demand is respected long term buy. on watchlist .
AWAIT RETEST AREA over coming months, but give them hell if price signals short opportunity..
price slowing into potential stacked supply zones, technicals enticing crowds on board. big player profits have been underway for weeks, is Seller strength beginning to enter w1 mn close bars will help for more analysis.
bullish structure within range, current swing leg pausing for more orderflow, momentum potentially holding on . Crowd psychology and market sentiment is considered with my discretionary trading. Price's tight ranging and happy atm, l'll monitor how,if, and when price pulls back lower in and around levels of interest. Neutral views anything can happen, entered...
buyer strength starting to fade, thin orderflow within candles bars are telling the story, higher time framr picture sets the stage,albeit could stall here or react!? . if l get short l'd need good clear PA and its retest to show whales are here. before l join in.
Price dynamics and structure shows buyers are clear and within area on bigger picture. W1 & mn demand zone currently triggering although potential for last leg down but prices within risk reward ratio. Will monitor over coming weeks albeit some long already. Yearly and monthly close would help for more clues too. Target area $15 + depending how price arrives to level.
prices back into demand zone, HTF and LTF stacked demands. Both charts have same price structure though WBC is clearest. l'm tending towards buy side although no final confirmation PA yet so standing by. fomo sellers/ stoplosses are triggering , l'm looking for discount buys down here while worlds selling and running for the hills.