Nice bull moves in S&P and Nasdaq today, but Russell not joining in the party. Last few hourly bars here showing bulls trying to defend support but bears keep pushing down. I like this for an afternoon short play if market sells off.
Rounding out Chapter 1 of the book "Price Action Breakdown..." I am asked to label moves as initiative and responsive based on how the author has described initiative and responsive. From his perspective initiative is when buyers/sellers decide that price is no longer agreeable and take the initiative to move it up or down, hence the name initiative. Responsive is...
Hello, - RSI bottomed out - reaching previous tail lows. -bottom of the price? To be continued, till next time.
Pin bar on 4H. Bullish bias on most time frames. Price has fallen to the daily key level, similar to where we entered this pair last time. This should be a good entry !! Good luck 🙂