To me this smells like a bull trap. Melt up after selling pressure has waned. Until I see a breakout of a reversal pattern on high volume or a capitulation bottom followed by sharp reversal, I am not convinced.
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.
