

Hello everyone. A new weekly session has started in March and it began with a small surprise, a gap up. This is the third week in March opening with a gap, the first two opened with a gap down, and the current one, up. Today, the gap was quickly closed within the first hour of the session, and now the price has started forming the upper part of the weekly candle. In my opinion, it is necessary to wait for the completion of the construction of the first part of the weekly candle, the upper part, and then look for sell signals at the peak. The construction of the first part of the weekly candle takes from 1 to 3 days. I don't know how it will be this time, but the first W1 candle in March had no upper shadow at all, and the second weekly candle in March took more than 3 days to build the upper part like the first part of the candle. However, under all circumstances, it is important to find or catch the peak of the weekly candle and then look for sell signals.