PDD continues to pull back and that is okay. But we do need to see some of our stronger buying continuation algos activate and get to work or else there is plenty more room to the downside. As you can see on this weekly chart, we are in a HTF large selling algo in teal. To break out of this we will need to be activated in our strong yellow/orange buying continuation and begin to see breakouts of our stronger controlled selling algos (White and magenta).
Hope this was helpful for all you PDD bag holders (me).
@JAVYD4 my pleasure! Thanks for being here! And hope you benefitted from this analysis. We did in fact pick up yellow (great news for the bulls) and as you know saw proceeded to have quite the rebound!
TraderDaddyOG
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@nathannieh here you go! Weekly tells us way more.