The market has completed an FMFR (First Move Fake Then Reversal) setup based on the Blue Ray chart pattern, and price has already delivered the expected bullish fake move into the marked reversal zone.
Now, my focus is on the reaction inside this zone rather than chasing the upside.
If the market forms any strong bearish candlestick pattern inside the marked reversal zone, it could confirm that buyers are losing momentum and sellers are stepping back into the market. That confirmation would increase the probability of a downside move.
The recent rally has been strong, but without bearish confirmation, the reversal setup remains incomplete. I prefer waiting for price action instead of predicting the move too early.
For now, the reversal zone is the key area to watch. A clean bearish confirmation here could trigger the next move toward the downside.
MMC Concept | FMFR | Blue Ray Pattern | Supply & Demand | Reversal Zone | Candle King Concept
Now, my focus is on the reaction inside this zone rather than chasing the upside.
If the market forms any strong bearish candlestick pattern inside the marked reversal zone, it could confirm that buyers are losing momentum and sellers are stepping back into the market. That confirmation would increase the probability of a downside move.
The recent rally has been strong, but without bearish confirmation, the reversal setup remains incomplete. I prefer waiting for price action instead of predicting the move too early.
For now, the reversal zone is the key area to watch. A clean bearish confirmation here could trigger the next move toward the downside.
MMC Concept | FMFR | Blue Ray Pattern | Supply & Demand | Reversal Zone | Candle King Concept
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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.