He forced his hands away from the mouse. He focused on the structure. The lower highs that had dominated the morning were gone. A new, higher low had formed. The "Price Action" was shifting its weight.
The glowing red candles on the monitor felt like they were bleeding into the mahogany desk. Elias sat in the dim light of his home office, his eyes tracing the aggressive downward slope of the E-mini S&P 500. For three hours, the bears had been in total control, smashing through support levels like they were made of glass. Trading Price Action Reversals: Technical Analy...
To the untrained eye, it was a bloodbath. To Elias, it was a setup. He forced his hands away from the mouse
Suddenly, a green marubozu candle ignited on the screen. A large institutional buyer had stepped in. The price surged, reclaiming the EMA and blowing past his first profit target. Elias moved his stop to break even, the tension in his shoulders finally dissolving. A new, higher low had formed
He forced his hands away from the mouse. He focused on the structure. The lower highs that had dominated the morning were gone. A new, higher low had formed. The "Price Action" was shifting its weight.
The glowing red candles on the monitor felt like they were bleeding into the mahogany desk. Elias sat in the dim light of his home office, his eyes tracing the aggressive downward slope of the E-mini S&P 500. For three hours, the bears had been in total control, smashing through support levels like they were made of glass.
To the untrained eye, it was a bloodbath. To Elias, it was a setup.
Suddenly, a green marubozu candle ignited on the screen. A large institutional buyer had stepped in. The price surged, reclaiming the EMA and blowing past his first profit target. Elias moved his stop to break even, the tension in his shoulders finally dissolving.
