The TradingEdge

[jxyzobrien]

nice chart
so they took it down established lower prices and lower value
meaning excess to the down side. the bears twice tried to get by the
huge volume long tailed up candle and failed.


then we balanced for 8 days and did 1 look below and fail.
so the attempt to create excess for lower prices failed and we
are now working on breaking out of balance into excess for higher
prices.

you can not get by red supply candles with good volume the first time.
this is the 2nd time. that is the reason market has been so choppy
and short term.

is it possible we go to the bottom of the range yes but very unlikely

this also is a big triangle pattern and this is the 3rd attempt to
break and odds say we will.

area of congestion takes days to get thru. traders are very impatient
they assume it should zoom thru and does not work that way