structure still looks constructive here
price has been holding above the range
with higher lows forming over time
the downtrend line has been broken
and volume expansion added to the move
now watching the MA50 area around 18.5
to see if this pullback gets absorbed
if buyers hold this zone,
the structure likely stays intact
if not,
it may turn back into more sideways action
price has been holding above the range
with higher lows forming over time
the downtrend line has been broken
and volume expansion added to the move
now watching the MA50 area around 18.5
to see if this pullback gets absorbed
if buyers hold this zone,
the structure likely stays intact
if not,
it may turn back into more sideways action
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.
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.
