The Daily timeframe is forming a Re Entry Buy signal, although the process of forming this re-entry took a considerable amount of time due to the market being choppy. On the H4 timeframe, candles failed to establish continuous selling momentum but instead formed sideways movement, which could indicate buy accumulation. On the H1 timeframe, there were several attempts to establish buying momentum, but they were consistently rejected due to sideways movement.
On the Daily timeframe, the MA 5/10 high has crossed downwards, signaling a potential downtrend towards the weekly re-entry point. This indicates a decrease in the upward momentum of price movement.
The analysis of outflows over the past 5 days shows indications of reduction. However, on the day of entry, there was still outflow.
On the Daily timeframe, the MA 5/10 high has crossed downwards, signaling a potential downtrend towards the weekly re-entry point. This indicates a decrease in the upward momentum of price movement.
The analysis of outflows over the past 5 days shows indications of reduction. However, on the day of entry, there was still outflow.