here i show you this two line are levels.
we can see we are in a minor down trend now.
and buyers become weak at this level.
so sellers will enter the market this time.
the problem is how strong is sellers.
if sellers can make a englfin candle.
the we will go down.
if sellers so weak then maybe we will go to next level.
you can see the green arrows i show you..
every time sellers push market to this area big green candles show up.
and you can see this big wick makes market to a new high.
this is a good sign of reversel..
so if today candle close at the level.
the market will go up.
here this two line is a strong strong Resistance zone. and you can see previous candle i show you.
huge huge green candle at this area..
so i expect a reverse at this area.. just need some good candles show up.
even this resistance break. there also a chance bulls turn back.
expect a green engulfing candle.
and we have chance to challenge resistence area
again.
today is not over so better wait.
if this candle is weak green.
we can not expect any bullish coming..
major trend is downtrend for now.
but minor trend is up trend and we know where is the resistent area.
here you can see a resversel sign at this round number area..
and if you look left,soo strong sellers enter the market.
but this time onle few sellers entered.
so buyer at this area are soo strong.
and we are in a major up trend.
so i think market will go more up.
if you see a bullish engulf candle we can be more confident.
if you look the left there are big buyers entered
the market.
you can see big big green candles showed up.
and major big trend is uptrend.
price is moving between two line.
so i think buyers will enter the market at least
to the red line.
if you see big green candle shows up
be confident..
if you check the past you can see every time buyers come to this area big sellers enter
and we are in a major down trend
candle become weak, i think sellers will enter the market
i cant enter the trade at the first place.
so i enter the trade here.
you can see minor trend is a down trend.
gold is following the trend line and formed a double top..
so i think it could go lower at least the next buyers area
at this situation you can see we are in a major uptrend.
and the buyers always make a higher high.
so at this situation buyers are strong.
at the uptrend always make a buy choice.
you can see the level i show you. the market could reverse at the level.
so all we need is a reversel sign.
