On 3H timeframe:
- Bullish trend
- Parallel channel formed and broken
- Decrement in volume from HH2 to HH5
- Breakout candle with volume but less volume than the one moving back to the upside bars after
- Yellow Line acts as support line with significant reactivity from previous observed price action.
On 15Min timeframe:
- Reaction to demand on HL2, where volume decreases as it falls, when volume kicks in price ranges (orange box) and shifts direction to the upside
- CHOC
- Bullish trend
- Parallel channel formed and broken
- Decrement in volume from HH2 to HH5
- Breakout candle with volume but less volume than the one moving back to the upside bars after
- Yellow Line acts as support line with significant reactivity from previous observed price action.
On 15Min timeframe:
- Reaction to demand on HL2, where volume decreases as it falls, when volume kicks in price ranges (orange box) and shifts direction to the upside
- CHOC
Trade closed: stop reached