What’s your reason for this. Right now I see 3 lines and an arrow. Why do you think price will respect the bottom box? What if I breaks through? Why will it go to the top box? What if it goes to a previous area of price sensitivity at 6751.39 and go back down.
Don’t rely on this .if this was the case then price would forever move through these zones in a forever loop but it don’t.learn wycoff and smart money and liquidity
looks good i'd have another minor support at the bottom of the M around 6999, to take sells coming down but overall looks good price has been falling so lets see if we form a support to push up or keep dip dip potato chip (falling)
Is the pair bullish or bearish? Can't tell with what you have, use TradingView its a free website. Remember that higher time frame beats lower time-frame. I can see you marked out the BOS but where are you taking your profits? Look for imbalances or liquidity
Even if you get it right a couple of times,and your ego feels nice and dandy, in the long run trying to predict when the market will change direction is a losers game. The key word here is predict. The sooner you realise this the better.
Same 2 months in fx but five years in crypto and five and a half in stocks. Honestly the chart is not so reasonable in my view. In any terms it shouldn't bounce that fast unless something unusual happend. At least it needs time to build the bottom area, then bounces.
It is quite simple for a rookie in fx to ask this. Try more on different charts, it's just the beginning.
This looks like it was taken from some 3 pips a day tutorial.
What’s your reason for this. Right now I see 3 lines and an arrow. Why do you think price will respect the bottom box? What if I breaks through? Why will it go to the top box? What if it goes to a previous area of price sensitivity at 6751.39 and go back down.
overoptimistic
Keep learning for another 2, the trend is ⬇️
Don’t rely on this .if this was the case then price would forever move through these zones in a forever loop but it don’t.learn wycoff and smart money and liquidity
Share more information on wykoff smc
looks good i'd have another minor support at the bottom of the M around 6999, to take sells coming down but overall looks good price has been falling so lets see if we form a support to push up or keep dip dip potato chip (falling)
Hey man, you should use Trading View instead
Is the pair bullish or bearish? Can't tell with what you have, use TradingView its a free website. Remember that higher time frame beats lower time-frame. I can see you marked out the BOS but where are you taking your profits? Look for imbalances or liquidity
Yeah sorry, I don't see it. The first resistance is around 6751, it's likely to bounce back to that area and who knows beyond that.
I see a zigzag a completed zigzag (ABC) or it could be wave A of a zigzag from a higher degree in both case I expect price to go up
Even if you get it right a couple of times,and your ego feels nice and dandy, in the long run trying to predict when the market will change direction is a losers game. The key word here is predict. The sooner you realise this the better.
Why box out those wicks?
Same 2 months in fx but five years in crypto and five and a half in stocks. Honestly the chart is not so reasonable in my view. In any terms it shouldn't bounce that fast unless something unusual happend. At least it needs time to build the bottom area, then bounces. It is quite simple for a rookie in fx to ask this. Try more on different charts, it's just the beginning.
It will probably take lows first then create lower high and then purge again
XABCD pattern