Wednesday, August 11, 2021 12:27:18 AM
there are 2 track patterns. Can you see the picture?
How can you tell which track will be dominant? At what point while watching the price action (5 minute chart), at what price point, what support or resistance step ... would the momentum or the balance start shifting. a pivot point to watch for. Would there be other indicators there, like the 50 and 20 ma to act as target points? Is there a resistance shoulder overhead to act as a pressure zone? and a support zone below to counter?
These are the questions to ask and the things to be watching for when you watch the intraday price action.
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If you know how to watch price action and see the track patterns and the key energy points like this, then you may have a chance to see the next major moves coming, maybe an hour ahead of time or a day ahead of time,maybe a week ahead of time. Maybe 10 minutes ahead of time. (watch the resistance area around 18.50-18.70) watch the support area to hold around 18...or watch it fail. and target 17. Watch to see if a rally breaks above 18.50 with some strength and targets 19.25-19.50. (that might become bullish) (stalling out at 18.50 might become bearish)
watching the track patterns
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