Simplicity Is the Key to Success. The simpler we keep things, the more successful we will be. It's as simple as that. Therefore, Action & Reaction is very simple to understand and act. Let's move ahead.
Two types of movement in the market: Consider an uptrend and, bulls are in charge. The first major move in trend is the Actionary move. when finally pause to catch their breath, the bears take over and send the price lower. The lower is counter to the over uptrend and what we call a Reactionary move. Typically, the reactionary move can be weak(1/3) or deeper(2/3). Sometimes a reactionary move can sideway and, some people call it a pullback also which is part of a larger trend. when it could end up and new actionary move in the opposite direction. Trade and Trend is your friend, so we can say here take a position in direction of actionary move.
What will be your trade action?
1. Up (long)
2. Down (short)
Type in the comment section.
TimeCycle Analysis is looking for the up move on weekly timeframe:
in.tradingview.com/c...e-2022-by-TimeCycle/
Two types of movement in the market: Consider an uptrend and, bulls are in charge. The first major move in trend is the Actionary move. when finally pause to catch their breath, the bears take over and send the price lower. The lower is counter to the over uptrend and what we call a Reactionary move. Typically, the reactionary move can be weak(1/3) or deeper(2/3). Sometimes a reactionary move can sideway and, some people call it a pullback also which is part of a larger trend. when it could end up and new actionary move in the opposite direction. Trade and Trend is your friend, so we can say here take a position in direction of actionary move.
- 1 to 2 is an actionary move
- 2 to 3 is the reaction of 1 actionary move.
- 3 to 4 is the subsequent actionary move.
- 4 to 5 is a new reaction.
- 5 to 6 is unclear which has not still made a lower low. It could be bottoming out. No one really knows what will happen next. In this case, we will think about both sides. The first side, seems to be a new actionary move up and if 5 to 6 actionary move is exists, the price remains actionary for looking lower low.
What will be your trade action?
1. Up (long)
2. Down (short)
Type in the comment section.
TimeCycle Analysis is looking for the up move on weekly timeframe:
in.tradingview.com/c...e-2022-by-TimeCycle/
Comment:
if 5 to 6 actionary move is exists, the price remains actionary for looking lower low.
Comment:
The 16850 is crucial resistance. We can create a strong risk-reward ratio setup at it.
A Smart will take entry at this area with huge funds.
