Again here we will the method to the madness as I’ll will alway proven why traders need to understand the range over drawling the range will tell you what to expect
Here we see a climax that ended in a quick bearish response back into its trading range.
Next price goes for another high her we see it did this on lower vol. and went back into a range as a faker. When you see high or low fakers you need to pay attention as it’s a sign now notice price goes up to a 3rd high which always ended in the same manner note that the action equaled the reaction the bulls push up harder and the bears responded harder also note that there no new high made
Now price goes back into a range and tries to go up again notice how this attempt was short lived and also reached by the bears now look after that we see a narrowing of range
What do this mean?
Narrow range means that the market is in a question state about what? The current high attempt. Here is we’re we’ll see the answers
We monitored price at the last high to see if there’s still juice left
We look for more bearish candles to start forming leaving the range with strong bodies to sale or we look for the bulls to take the high by trending with a tight range to buy we trendline the breakout only WHY? It’s a thing called sticky resistance in trading thus we want to see the break if to sale and we want the break of the mwvap with vol
HOW TO TRADE LIKE THEM-
Here we see a climax that ended in a quick bearish response back into its trading range.
Next price goes for another high her we see it did this on lower vol. and went back into a range as a faker. When you see high or low fakers you need to pay attention as it’s a sign now notice price goes up to a 3rd high which always ended in the same manner note that the action equaled the reaction the bulls push up harder and the bears responded harder also note that there no new high made
Now price goes back into a range and tries to go up again notice how this attempt was short lived and also reached by the bears now look after that we see a narrowing of range
What do this mean?
Narrow range means that the market is in a question state about what? The current high attempt. Here is we’re we’ll see the answers
We monitored price at the last high to see if there’s still juice left
We look for more bearish candles to start forming leaving the range with strong bodies to sale or we look for the bulls to take the high by trending with a tight range to buy we trendline the breakout only WHY? It’s a thing called sticky resistance in trading thus we want to see the break if to sale and we want the break of the mwvap with vol
HOW TO TRADE LIKE THEM-
