The Algorithm trader 🏌
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We focus mainly on what actually creates the market "algorithm"
Disclaimer ...!Every analysis sent to this channel are for "educational purposes" not for signals . should u be interested in understanding this algo,
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Watching how price closes today ,should we see a close below the previous daily high, we could have a bearish push to the downside, that would then be seen as a clean reversal, stophunting the previous sellers , trapping the bulls and also bringing the the bears ,
Should a close below the previous high is possible, we could see a sharp bearish push to the downside ... a close above ,? I would ignore all these talks and deem them as fairy tale , and the bulls could continue their move
Would be watching for bearish reaction off this level ⛹‍♂⛹‍♂
Possible bullish reaction levels
Possible bearish reaction
Possible outlook
The Algorithm trader 🏌
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I caught this dxy from the origin of its move !
This is what we do ⛹‍♂⛹‍♂
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A bearish algorithmic story ⛹‍♂
News took out that equal low, expecting a possible bullish reaction πŸŒβ€β™‚