clear uptrend, with a resistance turned support (confirmed)=BUY

59
1. a small entry of sellers followed by a strong sell off with
an inability of buyers to really do much of anything, resulting in a
lack of back and forth aka structure

2. buyers enter and slowly begin building momentum, the lack of
volitility for me signals a disinterest by sellers rather than buyers
coming in and taking out alot of selling volume

3. switch and test, ' Shelf ' of support seems to be established

* what do I think is going to happen ?

* this chart is very interesting in that there are really only 3 interesting
areas , the sell off, the uptrend, and now the switch and test,
which tested successfully I might add

* this shelf of support alongside the defeat of the strong sellers from #1
signals a ton of space upward, a clear buy signal for me

* once again I am wary , if there is this much conviction, usually price
likes to whip the other way , luckily we have our handy dandy zones

* we have a 71% follow through rate using the chaos theory indicator, if a candle closes, to the upside , to reach the next orange zone, so we will hope to not get wicked out and place a stop buy order.

*expecting high volitility and big buyer interest, a buy stop is appropriate

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