Market Analysis and Trading Strategies
All right, so we have the market trading down into a
very, very deep discount.
If you look at the range low here, why am I not picking this one here?
Because this move started there. Okay, that's what I'm looking at, this move.
These are relatively equal lows, so I'm just gonna move over to the most
recent
swing low. Why is it a swing low? It will candle to the left of it
that has a
higher low than this one, and a candle to the right of it has a
higher low than
that one. So that swing low, that one here to here, that's my
daily dealing range. Okay? Market has recently retraced back
down in about fifty percent equilibrium of that price move.
Okay, so that's what we're annotating here.
About halfway is what really a sense of what's being shown.
And also because of that, the market is likely to
create a little bit of a retracement.
So because this daily chart has retraced down into about half of the move from that
low to that high, so we basically went back to equilibrium
or roughly a short
term, what? Discount. Because of that, there's a likelihood
that the daily bias is going to be bullish on this day here
and this
here. Now, we're gonna look at this candle because
midpoint of this
candle, that right there is the mean threshold.
Mean threshold is the half point or median of a
order block. That right there is rooted on this up close candle.
Why am I using that up close candle?
Because from this high down into the fifty percent retracement of that
low and high, where the market goes back to equilibrium
or short term
discount, that means the bias has a likelihood.
Now, folks, listen. You wanna be taught about bias?
I'm teaching it.
Listen. You went down to equilibrium or short term discount.
The next day, we can expect it to go higher.
So what do we do with that information?
If it's likely to go higher the next day or the day after that, what happens if
the next day is down or whether it doesn't move?
Okay, you go into the next day expecting it to
go higher.
This, it just so happens that what I outlined on Monday panned out.
But that's what I'm referring to. Every single week,
I'm outlining something.
This is your premium array. That means it's gonna draw up into that.
It could be this candle's low because it's the order block, bear short block.
Why should I be concerned about this candle?
Because in this move here, right before this displacement on the
downside, this was
the last up close candle. So you have several targets here.
You have the candle low
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