1->3 : higher high continues the uptrend.
notice number 1 is pushed down by resistance,
then as 2->3 swing occurs this set of sellers
is replaced by buyers
3->4 : confirmation of a switch from resistance
to support and potential continuation entry
what do I think will happen next ?
* uptrend continuation
*obv selling volume broken by buyers via trend measurement
* bull in rsi and mfi as well as oversold on number 4 (almost)
* micro bullish candle confirmation
*vwap touch off bullish candle
* a return to the buy point provides an entry
notice number 1 is pushed down by resistance,
then as 2->3 swing occurs this set of sellers
is replaced by buyers
3->4 : confirmation of a switch from resistance
to support and potential continuation entry
what do I think will happen next ?
* uptrend continuation
*obv selling volume broken by buyers via trend measurement
* bull in rsi and mfi as well as oversold on number 4 (almost)
* micro bullish candle confirmation
*vwap touch off bullish candle
* a return to the buy point provides an entry
for trading mentorship and community, message me on telegram : jacesabr_real
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.
for trading mentorship and community, message me on telegram : jacesabr_real
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.