Some recent large volume has come in showing the interest from the buyers.
A sharp move up compresses time for any sellers in this area which I believe will make them more probable to exit if they get the chance on a retrace into their entry areas.
Trapped sellers are probably to become buyers.
Recent buyers are probably to buy again.
Identify large volume areas where there are multiple instances of probable outcomes to help predict a reaction. Pure chart reading.
Price should have a harder time moving down rather than moving up as there is no trouble ahead for this trade idea.
No indicators just pure chart reading of the participants behind the price structure and their more likely behaviours.
A sharp move up compresses time for any sellers in this area which I believe will make them more probable to exit if they get the chance on a retrace into their entry areas.
Trapped sellers are probably to become buyers.
Recent buyers are probably to buy again.
Identify large volume areas where there are multiple instances of probable outcomes to help predict a reaction. Pure chart reading.
Price should have a harder time moving down rather than moving up as there is no trouble ahead for this trade idea.
No indicators just pure chart reading of the participants behind the price structure and their more likely behaviours.