This is not financial advice!
Key:
3 Chart set up 1H 15m 5m
200 Moving Avg Yellow Gray line
Supply Demand Zones Red Green Horizontal lines
Candle Colors:
- Accumulation White Candles The acquisition or gradual gathering of stock accumulated by investors.
Tends to lead to acceleration!
- Acceleration Green Candles Price is rising upward trend.
- Distribution Blue Candles The Sell off or gradual build up of short positions of stock by investors.
Tends to lead to deceleration!
- Deceleration Red Candles Price is dropping downward trend.
- Bulls Get Ready Cyan A bullish pullback zone where buyers and sellers battling to flip or re-enter the trend for continuation.
Buying pressure has decreased.
- Bears Get Ready Purple A pullback zone where sellers and buyers battling to flip or re-enter the trend for continuation.
Selling pressure has decreased.
- Oversold Overbought Yellow Candles Price action has extended beyond Standard Deviatons -1 or 2 and has exited the bollinger band.
Essentially its geetting into a territory where a pivot is probable.
Currently OFF Only Have a Yellow Wedge
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Источник: rutube.ru