ADA: What Can Increase Odds for Another Leg Down Explained
Hi Everyone! Notice the Red and Blue Lines in the 2-hour, 4-hour, 6-hour and 8-hour time frames. They are quickly approaching White Level 30. Suggesting we may begin to see another leg down BEGIN on Sunday or Monday. If we are to avoid another leg down, it needs to turn up NOW.
Here is the Near Term Group of time frames (12-hour, 24-hour, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and Weekly): We also see the Red and Blue Lines approaching White Level 30 as well. However, this will take time to play out in the Near Term Group of time frames. We may potentially be seeing the beginning of another leg down currently in the Short Term Group of time frames.
Here is the Near Term Group:
NOTE the Red and Blue Lines also approaching White Level 30 in the 8-Day, 9-Day, 10-Day, 11-Day and 12-Day time frames: This is why I say, "If we are to avoid another leg down, we need to begin turning up NOW."
Here's the 8-Day, 9-Day, 10-Day, 11-Day and 12-Day time frames:
Here is the Near Term Group of time frames (12-hour, 24-hour, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and Weekly): We also see the Red and Blue Lines approaching White Level 30 as well. However, this will take time to play out in the Near Term Group of time frames. We may potentially be seeing the beginning of another leg down currently in the Short Term Group of time frames.
Here is the Near Term Group:
NOTE the Red and Blue Lines also approaching White Level 30 in the 8-Day, 9-Day, 10-Day, 11-Day and 12-Day time frames: This is why I say, "If we are to avoid another leg down, we need to begin turning up NOW."
Here's the 8-Day, 9-Day, 10-Day, 11-Day and 12-Day time frames:
הערה:
UPDATE:
We get a new 12-hour, 24-hour, 2-Day, 3-Day, 6-Day and Weekly candle in approximately 1 hour 35 minutes from now. We are keeping tabs on the levels of the Red and Blue Lines; with White Level 30 being our focus:
We get a new 12-hour, 24-hour, 2-Day, 3-Day, 6-Day and Weekly candle in approximately 1 hour 35 minutes from now. We are keeping tabs on the levels of the Red and Blue Lines; with White Level 30 being our focus:
הערה:
הערה:
UPDATE:
REMINDER:
The Red Shaded Area would be considered our Preliminary Support Range
for FUTURE Accumulation if we see a Sign of Weakness event in Phase E.
This means we would ANTICIPATE the price action coming up to within proximity of the lower boundary of this Red Shaded Preliminary Support Range.
This means if you are a small swing trader; you would prepare to open a long position AFTER a Sign of Weakness; which you will plan to CLOSE when the price
action is moved up to within PROXIMITY of the Red Shaded Lower Boundary of
FUTURE Preliminary Support Range.
REMINDER:
The Red Shaded Area would be considered our Preliminary Support Range
for FUTURE Accumulation if we see a Sign of Weakness event in Phase E.
This means we would ANTICIPATE the price action coming up to within proximity of the lower boundary of this Red Shaded Preliminary Support Range.
This means if you are a small swing trader; you would prepare to open a long position AFTER a Sign of Weakness; which you will plan to CLOSE when the price
action is moved up to within PROXIMITY of the Red Shaded Lower Boundary of
FUTURE Preliminary Support Range.
הערה:
UPDATE:
We finally came to the point in which "both" Red and Blue Lines fell below white level 30 at the same time; along with the white energy and green line falling. This usually results in a more significant move to the downside.
We finally came to the point in which "both" Red and Blue Lines fell below white level 30 at the same time; along with the white energy and green line falling. This usually results in a more significant move to the downside.
This video posted on October 3, 2022 pointed out WHERE we could go to on another potential leg down.
ADAUSD: We Must Assume We Are Still in Distribution Explained