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Yesterday I wrote about my skepticism related to VETUSD market. Actually, it made a step down as other Alt-Cryptos. This post is dedicated to EVRt sign. I pick ETCUSD market to outline this sign in better details. Study the behavior of price /volume when the market did reach blue circle...

Is the current VETUSD (crypto) strong? Well, technically we have a balance A-B, It was broken up by the surge of demand (point 1). Moreover, price is holding above SFDB line (point 2). But personally I am skeptic about current rally. Look at the bottom. We have green-red indicator. It...

Here is the intraday 5m cluster chart (or footprint) of #AAPL #stock. It introduces SFDB principle. The described principles below are valid for other markets/TF. Just think how people lose money - and charts become more full of sense. 1) market forms minor low. People tend to "hide" their...

This is #AAPL #stock, yesterday Price & Volume action, intraday fast TF. I use this chart to illustrate the principles that do happen in every market. The average trader can see here Head and Shoulder's pattern. What does Chart Reader see? Up-Waves with exhausting of Bull's power. 1) The...

#Gold Overview. Mixed Data from 3 Sources. Fake (or False) breakout is one of the most tricky things in trading. This is how the market (professional side) make fools (losses for retail traders). The number of Fake Breakouts increase at the psycho levels (round numbers). Look at 1550 blue...

Thank you for the positive feedback. I will try to keep posting.

The recent moves on #BTCUSD market confirm the cruel nature of the market. Its goal - is to produce losses for the majority. Here is how it does work. A) Downmove after a period of sideways dull. The bearish activity attracts traders (and their bots) into following the bearish impulse. Traders...

NZD on the faster TF

#BAC #stock chart reading. The Accumulation as a part of the Market Cycle

After Distribution range (AB wedge 0.644-0.640), #NZDUSD produced the decline toward 0.636. I expect a stalling of decline around this level because of two arguments: we have NS+DB sequence on the background (green zone). Bears completed the run equaled the height of the AB wedge. So, target...

Have you ever seen that massive bad news come to the public at the market bottoms? And the best optimistic news bombards public heads at the market tops. So, better not to read the news, read the chart. It has the language that can be translated into the opinion. This is the way of judging the...

Hello, I am a Chart Reader

It is not, and never has been or ever will be a good idea to tell people when to buy or sell, because once you enter a trade, your emotions take over, and it is these emotions that will impede the trader. I have never ever heard the real truth as regards to market action on television or in...

Hello, I am Oleg Alexandrov, Market Analyst and Chart Reader. In this thread, I will share my approach to Read the Charts as a book. What is Chart Reading This is reading the Story of the neverending battle between buyers and sellers. By analyzing price & volume relationship, Chart Reader...