if the action makes it back to the trading range then the marked levels will be tough resistance to break and might fubnction as last poitn of supply of phase d of distribtuion
or if the action is weak enough it might not even make it though the present broken support
and directly proceed to markdown
disclaimer... not an investing/trading recommendation
or if the action is weak enough it might not even make it though the present broken support
and directly proceed to markdown
disclaimer... not an investing/trading recommendation
Comment:
Comment:
any accelerated on volume breakdown below the gap, can be a good trade entry
on the other hand, if the breakdown is on low volumes on dicey short rnged candles, then most likely the gap will be retested, best trade entry would be on retest failure
on the other hand, if the breakdown is on low volumes on dicey short rnged candles, then most likely the gap will be retested, best trade entry would be on retest failure
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