Background - down trend.
Trading range initiated on very high volume
Range duration was approximately 5 days
Break of support (fall through the ice?) into fake break/TSO with increased volume
confirmed "no-supply" test (circled) at resistance
approximate 0.38% positive impulse out of TR.
Indicator:
LB support and resistance tool
Volume
Trading range initiated on very high volume
Range duration was approximately 5 days
Break of support (fall through the ice?) into fake break/TSO with increased volume
confirmed "no-supply" test (circled) at resistance
approximate 0.38% positive impulse out of TR.
Indicator:
LB support and resistance tool
Volume
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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.
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.