Observations (an example)

[fortydraws]

 

[fortydraws]

 

[fortydraws]

Focal points for observation.

 

[fortydraws]

Price was quickly bid back up above the midpoint after spending 20 minutes waffling just below it. I wonder if that might indicate something with respect to the current balance/imbalance between supply & demand?

 

[fortydraws]

Price was quickly bid back up above the midpoint after spending 20 minutes waffling just below it. I wonder if that might indicate something with respect to the current balance/imbalance between supply & demand?

Something to record for future observations

 

[fortydraws]

15 minute bar interval to gather some additional context into the frame

 

[fortydraws]

 

[fortydraws]

 

[fortydraws]

 

[note]

Hi fortydraw,

Any specific reason to watch for 50 % mid point, other than it seems mid point for long/short forces .
And same balancing of forces logic should carry over to all time frame and all swings right, small and big.