Video 10A&B: Buying and Selling Pressure

Question 1

What are footprints?

Answer 1

Signs that institutions are trying to move the market. In form of big candles, non-overlapping.

Question 2

When is it clear that the bulls are in control?

Answer 2

The clarity is buying pressure. Big bull bars closing on their highs and not much overlap between the bars. That’s a sign that the bulls are in control.

Question 3

Buying Pressure Examples:

Answer 3

More bull bars than bear bars
Consecutive bull bars
Bull bodies are bigger than bear bodies
Bars closing near high and at least above midpoint (only small tails on top)
Bull Micro Channels (No PB’s)
Tails below bars
Bull BO bars with gaps, and follow-through
Number of consecutive bull bars increases
Bull bodies gettting Bigger
Consecutive bear bars getting smaller and spaced out. Few or no consecutive bear bars.

Question 4

Examples of Bear Trend:

Answer 4

More bear bars than bull bars
Consecutive bear bars
Bear bodies are bigger than bull bodies
Bars closing near low and at least below midpoint
Bear Microchannels (No PB’s)
Tails above Bars
Bear BO bars with gaps, and follow-through
Number of consecutive bear bars increases
Bull bodies getting smaller

Question 5

Define Gap:

Answer 5

Space between any support and resistance

Question 6

Define Negative Gap

Answer 6

Slight overlap of breakout and pullback. Sign of strength, but not as reliable

Question 7

True or False: Gaps often lead to Measured Moves (MM)

Answer 7

True

Question 8

True or False: Once you get a measured move target, you get some profit taking from the bulls, and bears short for a quick scalp

Answer 8

True. Bears knowing bulls will sell for a profit.

Question 9

A gap between the high of one bar and another non-consecutive bar is a sign of strength

Answer 9

True. Even if it is many bars later on a pullback. (tails count) (This photo shows an example at top where the candle body was the gap and not the wick)

Question 10

Gaps: This is really good and important. Around slide 18 and 10:30

Question 11

This is an attempt at a double bottom, and the bulls tried to rally. Next, consider measured move

Answer 11

If the market breaks a double bottom, you look for a measured move down.

Question 12

True or False: A Gap is space between any support and resistance

Answer 12

True

Question 13

True or False: There are different ways to see gaps and all computers view them differently

Answer 13

True

Question 14

True or False: Gaps are signs of Buying Pressure and Higher (Bull) price likely)

Answer 14

True: Look for gaps of same color bars. Sequential or non.

Question 15

True or False: Gap between close of bar and low of any prior bar is a gap

Answer 15

True

Question 16

What to look for in a bullish trading range

Answer 16

Consecutive bull bars
Bull bars bigger than bear bars
Close on high
More bull bars, gaps
Higher Highs and Higher Lows
Bull channel
Odd begin to favor a bull breakout

Question 17

True or False: If a bull channel gets increasing Selling pressure, it might soon become a Trading Range (TR)

Answer 17

True

Question 18

True or False: Channels usually evolve into Trading ranges (TR)

Answer 18

True