responsibleUni37463

responsibleUni37463

I counted 3 5 impulse waves as wave 1, then a corrction, then now we are up to the 3d elliott wave which is the stronges

responsibleUni37463

As i see it we have wave 3 in progress, and we have a double top pattern to support this assumption

responsibleUni37463

According to elliot wave theory rules, wave 2 cannot go beyond the start of wave 1, so i expect the price to go up, simple as that

responsibleUni37463

Very low volume, in this candle the market makers were testing how many buyers still there, and as the volume is very low, despite the candle body (spread) is very high, it clearrly shows there are no much buying, they do that before taking the market to a deep dive. Good Luck

responsibleUni37463

Simple as that: Break Through Important Resistance with volume, entrance on your own responsibility, this is not a financial advice of any kind and for educational purposes only

responsibleUni37463

@ 4H time frame a huge bullish candle supported by volume .. not wise to go against it + the +ve fundamentals of GBP Interest rates news..so i'm bullish. Best of luck

responsibleUni37463

As shown on the chart the market maker manipulating the market to get enough liquidity to take a deep dive. GOOD LUCK

responsibleUni37463

We have head and shoulders pattern, and a bearish price action as shown on the chart, stop loss determined on 30 min time frame GOOD LUCK

responsibleUni37463

As demonstrated on the chart, the volume keeps increasing, but the candles keeps getting smaller, this shows that this effort was to consume these selling orders and the market is about to reverse, and we have our bullish engulfing as another confirmation.

responsibleUni37463

as you see on the chart, the selling volume is dominating, and when bulish volume appears the sellers consume it immediately, so i expect this move to push a bit further. GOOD LUCK

responsibleUni37463

as shown on the chart, i expect the move to extend a bit further under the strong selling momentum, i can see a big pinbar candle with ultra high selling volume, this type of candles with this type of volume have a huge success rate according to what i have experienced so far

responsibleUni37463

by looking at the weekly tme frame i see a strong selling effort appears on the form of pinbar candle, and by returning to the 2H time frame to analyse the volume i see domination of sellers appears on strong selling volume, where the buying volume got quickly eaten up by sellers.

responsibleUni37463

this is the only reason i think the move is likely to continue a bit further .... the concentrated high volume. GOOD LUCK

responsibleUni37463

the selling effort (volume) is big, where the buying vlume is way smaller. the pinbar with big volume has high success rate. please see the demonstration on chart GOOD LUCK

responsibleUni37463

i love this candle when it comes with big volume as it holds high success rate. we also have another confluence which is 38.2% fib level on D1. Good Luck

responsibleUni37463

as shown on the chart, i think market maker is up for a big selling move .... please see the demonstration on the chart. Good Luck

responsibleUni37463

strong bearish momentum shows the presence of market maker where the pullback shows low volume, so the price is expected to go back south. good luck

responsibleUni37463

please see the demonstration on chart the volume shows a market maker doing selling effort good luck