The market gap as price was resistant to the average. After the white line the bulls aggressively starting attacking the average. As it’ll take more than one time to get on time as the first time for anything usually fails..
So the question is why? Have the been. Aggressively attacking the average..?
As price approaches the critical zone on the pair the .3 fib the bulls has to get bullish or the bears will break the double top necktie hence sending a bulls market back to bearish as this market broken out of the bear realm back in 2015 at the .3 it is this ratio that all the action had been taking place on this pair as the pair is a monthly cup and handle the cup part is most of the pair a cup is a rounded bottom thus these patterns are dormant patterns as volume is decrease during the cup phase and volume becomes explosion During the handle phase and this is when the bulls took the .3 back in 2015.
So now that price approaches that key level the bulls been added vol to the market and this is why we see less gap off of the average after the white line. As the markets are mainly psychological to understand these clues a market makes we must look at the psychology..
Now notice the 3 circles
What do we see that’s different
The first range on the average and failed as the first attempt
The second tried to push through It and failed wasn’t able to land
The third is a tactical approach the markets is ranging below it. As ranging at resistance is a bullish attribute. Notice price tapped the average and what didn’t happen? Price didn’t get rejected! Rejected is what we see in the 2nd circle. Notices after that it’s time in the zone of the average.. why is this? Cuz price made a range. Ranges are what catches price and direct it ....
now as we continue to decode what is going on here we can start to see where the highest probability will be .
Now the bulls must trade on top of the average as the daily doing of this is the turning point for a market reversal on any pair...
So the question is why? Have the been. Aggressively attacking the average..?
As price approaches the critical zone on the pair the .3 fib the bulls has to get bullish or the bears will break the double top necktie hence sending a bulls market back to bearish as this market broken out of the bear realm back in 2015 at the .3 it is this ratio that all the action had been taking place on this pair as the pair is a monthly cup and handle the cup part is most of the pair a cup is a rounded bottom thus these patterns are dormant patterns as volume is decrease during the cup phase and volume becomes explosion During the handle phase and this is when the bulls took the .3 back in 2015.
So now that price approaches that key level the bulls been added vol to the market and this is why we see less gap off of the average after the white line. As the markets are mainly psychological to understand these clues a market makes we must look at the psychology..
Now notice the 3 circles
What do we see that’s different
The first range on the average and failed as the first attempt
The second tried to push through It and failed wasn’t able to land
The third is a tactical approach the markets is ranging below it. As ranging at resistance is a bullish attribute. Notice price tapped the average and what didn’t happen? Price didn’t get rejected! Rejected is what we see in the 2nd circle. Notices after that it’s time in the zone of the average.. why is this? Cuz price made a range. Ranges are what catches price and direct it ....
now as we continue to decode what is going on here we can start to see where the highest probability will be .
Now the bulls must trade on top of the average as the daily doing of this is the turning point for a market reversal on any pair...
