Tail doesn't always mean that the price will reverse.If the second candle is long down from the tail it means that price will move down.
The less time price spends at a certain price level, the more effective that price level will be in providing support or resistance for future price action.
The market gives value to certain price areas. See daily chart the price is rotating it is in the value area.
On weekly chart its support is still too far It will take a lot of time to reach its support. The control price is basically a pivotal support and resistance level inside the value area.
@DRUVV, what is the meaning of "nyc"? Is it short form ? Or indicator?
Tradershyam
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its game of price action and you are making it game of losses
i dont think you ever take trades bcz if you do you will soon get your account with having 0000 number in your fund section
Trade-Technique
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@prost17, lol, i am in market since i was in 10th and two times wiped out. Its not easy now to make me 0000 but it possible more and more after 1.
How does ATR help here in Price Action ??