When a big bearish move gets followed by a much smaller pump, that's usually a fake reversal. The speaker shows a 5% drop over 7 hours followed by only a 2.75% bounce, a sign the downtrend will likely continue.
5 percentage points.
About 7 hours.
Approximately 2.75%.
About seven to eight hours.
About nine hours.
Look at how big the bearish moves are compared to the bullish moves. Big bearish move. And then even though for example, this move here was worth 5 percentage points and it took 7 hours and so far from that point onwards prices pumped only 2.75% in the same seven hour period, maybe eight. Like, if you consider this candle, clearly this is a retracement move. In fact, this candle is about to close, so it's about to become nine hours. So clearly this is a retracement before continuation. I could be wrong, but this is just how you differentiate between moments of like if you read the impulses, of course. Big impulsive move. Retrace big impulsive move. Retrace big impulsive move. That is how the logic goes.
