And on the 1 hr . I use all the timeframes ( they"re Free!) but mainly watch the 15 min
notice the big pinbar (where i bought) normally a sign of big supply but in this case we have the lows moving strongly upward. lots of top pin bars indicates supply(sellers) so there should be lots of short sellers stops above this area. That means lots of buy orders.
Also notice after the big pin bar price close Above previous close. in other words all that selling couldnt stop the move up!
notice the big pinbar (where i bought) normally a sign of big supply but in this case we have the lows moving strongly upward. lots of top pin bars indicates supply(sellers) so there should be lots of short sellers stops above this area. That means lots of buy orders.
Also notice after the big pin bar price close Above previous close. in other words all that selling couldnt stop the move up!