Tuesday Tutorial for Phoenix 1.119 and Phoenix Ari 1.07

21 apr 2020

As pointed out in the video; we are still experiencing downward pressure in the 12h and 24 hour time frame and lower time frames. We cannot be CONVINCED we are going to have a REVERSAL to upward pressure for a decent period of time UNTIL we have the White Energy in a higher time frame (such as the 2-Day TF) CLOSE above 50% WITH the Red RSI also CLOSING above 50%. Also, we will not be CONVINCED we will have a REVERSAL to upward pressure for a fairly long period of time (2 weeks or more) until the Red RSI in the Weekly Time Frame CLOSES above 50% WITH the White Energy in the Weekly ALSO CLOSING above 50%. The same can be said for the 2-Week, 3-Week, etc...

BELOW: Is the publication I referred to in the video in which I said our price action is likely to be "uneventful/boring" with the price action riding along the Bollinger Band Basis in the 2-Day TF for a while.

21 apr 2020

Nota

TO BE CLEAR: DOWNWARD PRESSURE CONTINUES... Which means IF you are margin trading, you should still be in a SHORT position until we see a sign for a potential reversal to upward pressure. ONCE you are in profit, you SHOULD consider implementing a TRAILING Stop to try to lock in gains if the price were to turn back up hard all of a sudden. The advantage of a TRAILING Stop is the STOP WILL MOVE to a lower price in a SHORT position as the price continues to fall; which in turn LOCKS IN more gains as the price moves down because your STOP is TRAILING down with the price.

21 apr 2020

Nota

12h Time Frame:

22 apr 2020

Nota

We have a NEW Daily (24h) Candle (Left) and NEW 2-Day Candle (Right): We still do not see a definitive sign of upward pressure yet.