The LuxAlgo Sequencer is a indicator that is able to highlight sequences of prices based on their relative position to past prices.
The red counts reaching to no 9 with a small red arrow pointing down is marked with a line which is the Bearish Preparation Phase . It indicates chances of the prices reversal . It is possible that the price could still have moved up yet in this chart it did not . The long shadow that recorded the peak had also provided some clue of prices reversing.
The Bearish Lead-Up line is the line where the bears come in control and the prices are expected to decline .
In the same sequence we observe that the green counts have the reading of number 9 with green arrow pointing up . It may be a early indication of dollar gaining some strength. One needs to note that the counts are probablilistic.
The GANN square of 9 provide a strong support line at 85.60 and a moderate resistance at 87.10 .
The small green candle is the day in progress and so the closing price will provide the estimate of the direction in which the pair moves next.
The red counts reaching to no 9 with a small red arrow pointing down is marked with a line which is the Bearish Preparation Phase . It indicates chances of the prices reversal . It is possible that the price could still have moved up yet in this chart it did not . The long shadow that recorded the peak had also provided some clue of prices reversing.
The Bearish Lead-Up line is the line where the bears come in control and the prices are expected to decline .
In the same sequence we observe that the green counts have the reading of number 9 with green arrow pointing up . It may be a early indication of dollar gaining some strength. One needs to note that the counts are probablilistic.
The GANN square of 9 provide a strong support line at 85.60 and a moderate resistance at 87.10 .
The small green candle is the day in progress and so the closing price will provide the estimate of the direction in which the pair moves next.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.