Why I believe alot in price action and not fighting a trend
Trend 1 - Volume Profile
- Market always moves from one volume node to another volume node
- notable volume nodes are show on the chart (you can probably see why those that I mentioned are key levels)
Trend 2 - Cup and Handle formation
- All are possible cup formation levels
- That's why you see the key levels I've been referring to (e.g. 416, 430 etc)
Trend 3 - Don't fight the trend
- Clearly, since Oct 2022, a buy channel with controlled sell channels
Trend 4 - Near term is still a buy channel in a buy channel
- Be ready for crash always
- But watch the resistances of where it could happen
Trend 5 - Nearest term indicator
- It is not bearish until it is bearish
- 416, 421, 429/430, 440 are all key crash resistance lines/levels.
OBSERVE, REACT, DO NOT PREDICT
@Deposit @melson @CaptainTiger @TigerStars @LMSunshine
Trend 1 - Volume Profile
Trend 2 - Cups?
Trend 3 - Controlled Buy & Sell Chamnels
Trend 4 - Near Term controlled buy channels
Trend 5 - Always be ready for correction
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Excellent article