Shake Out Reversal Pattern?
ASM showing clues of what could be a major wave bottom in the 1 window. Hovering over Selling Climax Support, this area could be a potential Wyckoff Secondary Test. We can see the same whipsaw action from July '23 which turned out to be a shake out reversal pattern. With RSI bullish divergence on the weekly, this area could move on up at some point to test the upper trend line.
Not Financial Advice - Intended For Educational Purposes
ASM showing clues of what could be a major wave bottom in the 1 window. Hovering over Selling Climax Support, this area could be a potential Wyckoff Secondary Test. We can see the same whipsaw action from July '23 which turned out to be a shake out reversal pattern. With RSI bullish divergence on the weekly, this area could move on up at some point to test the upper trend line.
Not Financial Advice - Intended For Educational Purposes
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.