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GKatt

1,707 Posts.

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01/12/23

22:25

Post #: 71229123
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Originally posted by Patterns: ↑

@GKatt Here is the hourly chart for the past week Monday they pushed price up strongly. Tuesday they trapped traders up high by slamming the second candle lower and moving sideways in an inside day for the rest of Tuesday. Wednesday they broke higher and formed a new high for the week but slammed price down in the last hour. Thursday they swung up to retest the high of the week in the last hour after trading lower all day and Friday they trapped all the traders who bought Thursday afternoon by pulling back well below anywhere in Thursday's candle where buyers bought and finished off by making a lower low. So they made it as choppy and difficult to trade as they could when you view the week overall. The one thing that Thursday and Friday does emphasise is that if you see a doji up high near the high of the week then use that as a severe warning of a likely reversal.

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many thanks.
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