GFM May 2024 : P-Profile , breakout 10WEMA
fixed range volume profile :
- P-Profile
- VP POC above and near 10WEMA
momentum :
- >70% move in 3 months
- followed by 2 month momentum pause ( consolidation )
- trailing EMA50
momentum pause :
- consolidation base 2 months
- supported by EMA21 / EMA50
- base formation on 10WEMA
- VCP during base formation
- accumulation volume pattern - drying volume , no unusual spikes
breakout :
- breakout on high volume
- breakout 10WEMA and VP POC
- breakout new 52-WH