All language subtitles for 3. Bulls VS Bears--- [ DevCourseWeb.com ] ---

OK I'll come back as two point three bulls versus bears.

We're going to learn how to read try to structure reading the turning points in the market and also

seeing the levels that got taken on.

So what do I mean.

Let's say we're in a dungeon or

so looking at this you can already tell

that the direction is the downside again this is making any impulsive directed compulsive attractive.

Then what happens is starts to arrange the

Samter to make a higher high here by Phil still low or high.

And then he fell to make another new low

k.

Then you wondering at this point if price is going to eventually break this range will continue to the

downside.

Right.

This is when we should be able to gauge the strength of the bulls and bears and and the killable here.

They would need to look at this point here.

So until we break this level

technically we're still in a bear market right.

Would you agree.

Still a seller's market right.

But then you start to be able to see that pressure is making high horizon.

So for these guys this is an option

for these bigger guys.

This is just simply a pullback OK a lot of times what happens is that price would make a fake out earlier

than just resue simply building up orders are we here.

And this is going to be the level that we look at.

All right.

So remember the bigger picture is still to the downside.

OK so direction is down.

OK.

But however if you want to trade within this area it's also going up knowing that in the bigger picture

you're still in a downtrend.

We should be more cautious in taking trades here.

All right let's move on to some examples.

Let's learn to analyze this chart and gauge the strength of the bulls.

Versus the Bears start from this point here.

Right.

The is a strong

the bears we direction to the upside.

Right.

Simple.

Both are still strong.

The Bears got weaker.

Right compared to this.

The Bears are less strong the bulls came up strong.

The Bears come in right up to this point we can see a very healthy uptrend I highs have those higher

highs and lows right.

It's not showing any signs of reversal yet.

Was Made one last push.

And the bears coming from

Right see the pullback in May

OK bears come from

goals are not done yet and made another push tried to make a higher high.

But this is pretty much an equal high gate.

The way the price we went past this point but did not sustain.

That's the most important part.

Right.

So this is the first time right seeing this seeing how strong this Beriz and this is the second clue

that tries to arrange

OK what kind of range

rectangular range

I get.

This is the level where we need to pay attention to is so massive the Bulls made one last attempt.

The bears came down really strong stronger than the previous one.

Right.

It broke this past year.

The

and from this point onwards never made a higher high.

It shows that momentum is changing direction is still to the upside.

Until this point momentum is still to the upside and then momentum started to change.

If you're looking at this channel this range this rectangular range and you're simply buying off the

lows and selling the highs.

It's OK.

And because technically in the range price either makes a breakout or a fake out it stays within the

range.

So going back to the topic of direction

you may have a short bias here.

Although the bigger picture is still showing an auction.

You may have a long bias here.

But just keep in mind that the structure of the overall price is starting to change.

Let's take a look at another example everything is going to make more sense once we're in Model 3.

And that's where we'll be talking about levels.

So we'll combine model one which is market face what you do which is direction and the third Mondial

which is.

OK.

And we'll be able to piece of the puzzle together.

I will stick to the model of learning to pick a direction.

OK let's analyze this area here.

OK.

So this is an action right through from those that starts to slow down here.

Range forms

again this is looking like a channel or governing which Right.

So with a burning like this we've learned that this is a reversal pattern.

And that price may reverse the downside.

Until in this case the bottom of the Ranger back to having a direction bias.

There are still lots of opportunities to go along here because up until this point the bias is to the

upside.

See these trend line bounces

and then you're aware that this is a reversal wedge and that price may reverse.

So this turning point here direction is to the downside OK until it hits the bottom of the range.

Right now both Dizzle

since we know that this is a range.

We know that price tends to bounce off the bottom sir.

Correct.

So remember direction may still be to the upside.

OK but then we see this reversal pattern and we see Presby reversing when we see the Versuch we can

have a short bias to the downside just this move right here.

But we also are aware that prices may bounce off here.

So from this point onwards you're describing here it's like the first time it touches our direction

binders has shifted to the upside.

Okay you guys get the point.

So dashing by as is done until it hits the bottom of the range which we'll be looking for longs from

this point onwards and just the crucial but we have to look at.

In fact Christ did make a stakeout here in about a dozen.

If Christ were to break this novel more clearly and then we know that the reaction will still remain

to the downside.

From this turning point on the blue line reggae's Let's move on to the next chapter.