The Volatility Contraction Pattern and "resistance-becomes-supp"
The VCP acts as a "coiling" mechanism where supply is absorbed, leading to a high-probability breakout, often accompanied by a "resistance-becomes-support" scenario at the pivot point
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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.