Buyers couldn't hold off sellers at $9400. I think the better level to buy is lower at $8400, which represents daily demand vs. the $8400 level which represented demand (buyers) on the 4 hr chart.
Buyers couldn't hold off sellers at $9400. I think the better level to buy is lower at $8400, which represents daily demand vs. the $8400 level which represented demand (buyers) on the 4 hr chart.
That is not possible with this count. If it drops below 8910 it will drop a lot lower than 8400.
It's very possible for price to go lower, if the sellers absorb all the buyer orders at $8400. Ideally, what we need to see are the candles making higher lows on the lower time frame charts before we can confirm a new uptrend...do you agree?
Yes, I agree that we need higher lows.
I need to add something here though. In yesterdays post I somehow assumed that wave 1 was longer than 3. I measured again and I somehow made a mistake. Wave 1 is shorter than wave 3 so wave 5 can be a s long as it wants to be...
See here:
A rare measurement mistake on my side...
I appreciate your candidness, openness and your integrity as a trader.