Analysis way - Buyers Vs Sellers ShiftsAnalyzing buyers vs sellers .
Very simple way of analyzing and trading supply demand in its purest form.
Identify where buyers has stepped in and showed interest in price and where is potential that they can step in again.
Identify where sellerss has stepped in and showed interest in price and where is potential that they can step in again.
Drop timeframe lower and -
1. see that for example Buyers are defending that level. and there is interest of buying.
2. identify shift of buyers vs sellers. see that the buyers have won battle against the sellers.
Price target: In uptrend price keeps breaking highs consistently. Once this stops and market keeps breaking lows trend changes. This highs and lows act as price target that If trend would continue price should hit and break higher.
Shifts: Shift where buyers won the battle against sellers and via versa.
X-WAVE
Will HP "PRINT" a Wave 5? A classic setupIf you've followed me for a bit you will know that my go to setup is what I call the Setup 1.
It is a setup partially based on the Elliott Wave concept.
I am not that crazy 100% Elliottician ... I just like the Wave 5. :)
Here we have a setup 1 that I have been following for the last few months.
HP has finally broken out of the trading range (wave 4). Buy Signal.
Check out my TESLA call below, that too was a call for Wave 5....