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Maybe I was just a day early with that observation. Need to keep this in mind for next time. Markets are certainly dumping now.
Maybe I was just a day early with that observation. Need to keep this in mind for next time. Markets are certainly dumping now.Obviously got that wrong. The pattern over several hours was something I hadn't seen before, and I thought I'd take a guess.
It was sideways movement with consistent selling, interspersed with 20 or so strong buying candles (more than usual - 6 is a lot). But no medium strength buying. Sort of like sell, sell, sell, sell, sell, sell, BUY, sell, sell, sell, sell, BUY.
I suspected that when I saw the way gold traded (can't remember which day and too lazy to dig it up on the gold thread)..........buy, sell, buy, sell, spiking up and down like I'd never seen. (maybe it did happen but I didn't see it before) Spent all afternoon watching it and forgot about everything else........ with all that volatility, the share prices went up........must have been gearing up for a big dump last night. Yeah, must remember this for the future, GB.Obviously got that wrong. The pattern over several hours was something I hadn't seen before, and I thought I'd take a guess.
It was sideways movement with consistent selling, interspersed with 20 or so strong buying candles (more than usual - 6 is a lot). But no medium strength buying. Sort of like sell, sell, sell, sell, sell, sell, BUY, sell, sell, sell, sell, BUY.
I suspected that when I saw the way gold traded (can't remember which day and too lazy to dig it up on the gold thread)..........buy, sell, buy, sell, spiking up and down like I'd never seen. (maybe it did happen but I didn't see it before) Spent all afternoon watching it and forgot about everything else........ with all that volatility, the share prices went up........must have been gearing up for a big dump last night. Yeah, must remember this for the future, GB.
Yeh he really peeked my interest and opened my eyes to what was possible. Wonder what he's done the last few yearsI think it was minwa, remember him?
Saw a bit of this^^ again in the last few hours. Sideways price movement, with intermttent, single, strong up candles amid slow waves of sellings. So let's see if it does the pump first then dump, or just straight into the dump.Obviously got that wrong. The pattern over several hours was something I hadn't seen before, and I thought I'd take a guess.
It was sideways movement with consistent selling, interspersed with 20 or so strong buying candles (more than usual - 6 is a lot). But no medium strength buying. Sort of like sell, sell, sell, sell, sell, sell, BUY, sell, sell, sell, sell, BUY.
I only said it was more important, not that it could be a standalone indicator.can you elaborate? how can volume be important without price?
Made an effort to come up off the monthly imbalance zone, but it's pretty weak. So it will either collect liquidity at this level for some time or break down through it to the weekly imbalance way down around 1794! Would be unusual for a monthly imbalance not to provide a 50% retrace opportunity.Gold sitting on monthly imbalance. I'd be surprised if it doesn't provide support. Looking for reversal patterns and long.
weekly chart.
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