Using Higher Time Frame charts 'reversal' indication, the whales could precisely sell at the ultimate assured high by means of reversal indication.
Explained in chart with simple observations.
The highest chart indication is always to be respected until it meets with challenge to then use slightly more current data until situation is best understood and can act accordingly.
People could not have thought of 20,000 as resistance because there was no historical data on it being resistance, but the weekly data hinted on it.
I did not call on it before as I was unaware of the potential
Explained in chart with simple observations.
The highest chart indication is always to be respected until it meets with challenge to then use slightly more current data until situation is best understood and can act accordingly.
People could not have thought of 20,000 as resistance because there was no historical data on it being resistance, but the weekly data hinted on it.
I did not call on it before as I was unaware of the potential
Nota
I'd like to now note there is a divergence on TDI of Daily chart. December 8, & 18. It can be used for confirmation.Nota
FOLLOW ME
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.