<TradeVSA> Beginning of Pullback or Downtrend ??

- Supported nice above 20 / 40MA
- Lots of Sign of Strength near support etc No Supply and Spring
- Recently prices drop but with low volume
- Red Pentagon started to appear in the chart

Red Pentagon mean the trend is weakening. Continue to monitor for the right signal to ensure the charts are forming pullback setup:

1. Downbar low volume
2. Sign of strength near support
- Spring Signal
- No Supply Signal
- Cluster of Closes

Avoid the trades if no clear confirmation on Sign of Strength as prices may continue to pullback.

What is Spring and No Supply?
1. Spring is a false breakdown and Smart Money tend to remove weakhand holders
2. No Supply is the situation of a deficit of buyers in the market

Can pair the signal with green pentagon to ensure Pullback Complete setup

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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock