Intelligent Price Action – Negative Close (Expo)
DESCRIPTION
Intelligent Price Action – Negative Close (Expo) identifies important negative closes that have an impact on current price characteristics. The indicator is visualizing selling pressure! These price patterns are valuable insight when trading the market.
• Selling pressure is seen in reversal points.
• Selling pressure can be seen when the sellers are exhausted.
• Selling pressure can be seen in negative breakouts.
HOW TO USE
1. Use the indicator to identify selling pressure.
2. Use the indicator to identify reversal points.
3. Use the indicator to identify exhausted sellers.
4. Use the indicator to identify breakouts.
Combine the indicator with ‘Intelligent Price Action – Positive Close (Expo)’ or with my other Price Action indicators.
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