$DLTR has a lot going for it...
BULLISH
Is in a Stage 2 uptrend with price above a rising 30W MA.
Relative Strength is above its zero line.
Price moved up aggressively before consolidating for 21 trading days (just over 4 weeks).
The consolidation has seen 2 complete contractions. The first is 11% the second 7%. The current T is super tight with a 2% range.
Very little supply is coming to market with multiple green and red dot volume days (vol 40-60% below average).
Price action shows 2 very tight zones (including the current T). There are also multiple tight candlesticks and inside bars within the base.
The last bar is an inside bar making it actionable on the daily timeframe.
...but the fact price remains in the lower half of the base is a worry.
BEARISH
The last above average volume day printed a bearish bar (Dec 17th) although that day was quad witching.
Price hasn't printed a high low and the pivot buy point is sitting in the lower third of the prior T's range (low cheat).
BULLISH
Is in a Stage 2 uptrend with price above a rising 30W MA.
Relative Strength is above its zero line.
Price moved up aggressively before consolidating for 21 trading days (just over 4 weeks).
The consolidation has seen 2 complete contractions. The first is 11% the second 7%. The current T is super tight with a 2% range.
Very little supply is coming to market with multiple green and red dot volume days (vol 40-60% below average).
Price action shows 2 very tight zones (including the current T). There are also multiple tight candlesticks and inside bars within the base.
The last bar is an inside bar making it actionable on the daily timeframe.
...but the fact price remains in the lower half of the base is a worry.
BEARISH
The last above average volume day printed a bearish bar (Dec 17th) although that day was quad witching.
Price hasn't printed a high low and the pivot buy point is sitting in the lower third of the prior T's range (low cheat).