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juhanimi replied Feb 17, 2011DR.G. There was ND in that first top, so I start to think then that SM is not here at all. They only buy in lower side of that channel. This is how I think that goes.
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juhanimi replied Feb 17, 2011Yes. Comments? 1. SM has allready started buying in that long down bar. 2. Price comes up to previous level first time and we are in downtrend, so HERD sells and SM buys, price drops little. 3. HERD sees that maybe trend is over and starts buying ...
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juhanimi replied Feb 17, 2011Yes, but I want to understand what happened there so I can use that in future, so any thoughts about who was selling in there?
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juhanimi replied Feb 17, 2011Just heavy resistance, I think. H4 looks like there has been buyers today.
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juhanimi replied Feb 17, 2011So, we can speak about weekly chart after 2 days, everything is still possible.
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juhanimi replied Feb 17, 2011I think I know what you mean, but is this right place for that, is it too high?
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juhanimi replied Feb 17, 2011I did not understand what you mean. ND indicating strenght? Can you show from chart what you are saying?
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juhanimi replied Feb 17, 2011I have been waiting big down move for EU, because of those weekly bars, but does not look like is coming, but weekly bar now looks like ND, so if nothing happens, maybe next week down.
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