Binadroid
For a reference, consider the two bearish red candles in the image below: photo Pivot was being tested and was rejected twice. Normally I’d take that as a good signal. But given Binadroid how much more volume had recently entered the market at this point; I felt most comfortable sitting out that particular trade. Even if you’re getting the wicks there’s still a good chance that the market is inclined to break below that level. And this trade would not have worked out. Of course, it can if you’re fortunate enough to get an expiry on the green candle that held above the pivot. But the set-up is simply too much of a - gamble for me overall, so I pad on the opportunity. When volume builds in a market, price levels simply do not hold as well. So if you can transparently observe that a price movement is gaining steam – market moving faster, candles getting larger – I’d advice that you’re probably best off staying out of the market at that particular time.