Closer look at the anatomy of that recent mark-up.
Confluence of factors:
Uptrend
strength in the background/evidence of accumulation
RSI oversold
RSI positive Divergence on volume into a key supporrt
You can see the demand to the left. SM stopped buying, allowing price to drift/shaking out remaining weak hands.
Spring below support on slight iincrease in volume
"no-supply" signal near spring
"push-through" entry seen at resistance .
PM with questions.
Confluence of factors:
Uptrend
strength in the background/evidence of accumulation
RSI oversold
RSI positive Divergence on volume into a key supporrt
You can see the demand to the left. SM stopped buying, allowing price to drift/shaking out remaining weak hands.
Spring below support on slight iincrease in volume
"no-supply" signal near spring
"push-through" entry seen at resistance .
PM with questions.
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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.