1. Volume increasing on the weekly and monthly timeframes 2. After price spike on March 12, distribution started and dying volume on the daily & 4HR is signalling end of distribution? 3. Volume is increasing on the 1HR, accumulation starting again? 4. Took entry as explained on the chart, at the bottom of the 4hr level and 1hr valley
Trade closed: stop reached
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So i got stopped out on this first attempt. I will monitor the bounce from 216 closely and search for another trade. Will further update when applicable.