The question was:
What is this combination (referring to the "What is this?", not the previous annotations):
High Volume Wave + Small Pip Wave + High Speed Index ???????
The answer is:
Effort vs. Result which comes in two ways for the up waves and in two ways for the down moves.
Up moves:
Hard to move up (Short trade) or
First Push up (Long trade)
Down moves:
Hard to move down (Long trade) or
First Push down (Short trade)
This is happening because market makers are absorbing retail orders but you do not know if they are absorbing buy orders or sell orders. Therefore the trade is not clear until price breaks a significant level. Remember the Follow Strategy " Let them do what they have to do and then enter".
Komentarze