Re-Accumulation Done: Start of the Bullish Movement?
This presentation is for informational and educational purposes only; it should not be construed as investment advice of any kind.
A failed effort to go down on a low volume. It is a very positive sign of the fact that the market is about to start the bullish movement. We saw that the stopping volume entered in Point A and we saw it again in Point B where the volume was, perhaps, just a bit lower. Now we have to see a clear spring + test in Point C, where the volume is clearly low or a local increase. This means that there is no inflow of selling offers in this market. Thus, you should expect higher prices..
The market does not experience a lack of liquidity from the buyers’ side. There is no interest in lower levels. The further price increase in a combination with (not extreme) increase of the volume confirms the bullish mood of the market.
A failed effort to go down on a low volume. It is a very positive sign of the fact that the market is about to start the bullish movement. We saw that the stopping volume entered in Point A and we saw it again in Point B where the volume was, perhaps, just a bit lower. Now we have to see a clear spring + test in Point C, where the volume is clearly low or a local increase. This means that there is no inflow of selling offers in this market. Thus, you should expect higher prices..
The market does not experience a lack of liquidity from the buyers’ side. There is no interest in lower levels. The further price increase in a combination with (not extreme) increase of the volume confirms the bullish mood of the market.