OSCR - UPDATE! So little tells us so much
The smallest difference such as rejecting off of orange at $18 versus teal at $17.30. These algorithms tell us everything because it tells us what is in control or at least which algorithms are fighting eachother.
Most important thing to always keep in mind and ask of the chart is:
"What do we need to disprove in order to prove our case?"
Meaning, if we're bullish based on a teal proof, our question will be:
"What do we need to disprove in order to prove teal?"
In this case, in order for teal (our bullish, controlled-selling, liquidity building algorithm) to prove control, we need to disprove our immediate strong selling orange by rejecting off of it and finding support from teal as opposed to dropping to the bottom of orange. Any sell-side hold from teal (as opposed to orange) is a bullish sign and indiciates (depending on the time frame) sufficient liquidity built.
As always, feel free to ask questions and Id be happy to post a video in response.
Happy Trading :)
Most important thing to always keep in mind and ask of the chart is:
"What do we need to disprove in order to prove our case?"
Meaning, if we're bullish based on a teal proof, our question will be:
"What do we need to disprove in order to prove teal?"
In this case, in order for teal (our bullish, controlled-selling, liquidity building algorithm) to prove control, we need to disprove our immediate strong selling orange by rejecting off of it and finding support from teal as opposed to dropping to the bottom of orange. Any sell-side hold from teal (as opposed to orange) is a bullish sign and indiciates (depending on the time frame) sufficient liquidity built.
As always, feel free to ask questions and Id be happy to post a video in response.
Happy Trading :)
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