Identifying buyer and seller failures to determine market direction

Here is a concept that I created and apply in my trading:

I feel that buyers and sellers are the ones that control the price in the markets and what direction the markets will go. They decide if a price is too low of too high and whether there is agreement between both parties.

In a downtrend, you look for buyer failure to enter short and to confirm your short directional bias. In an uptrend, you look for seller failure to enter and confirm your long position. You want to look for shifts in failure to form condition changes. For example, lets say your bias is short and you have a lot of buyer failure signals; your condition bias is short. BUT, once you start seeing early signs of seller failure, it means that buyers are stepping into the market to support price and that a condition change may occur soon. Here is a chart signaling seller and buyer failures: