this one of the price action patterns widely seen.it has
formed good structure but not good price volume expansion.
weekly bullish engulfing is formed.enter this stock only after
bullish confirmation above 3947.75 level
A decent flag pattern is formed on weekly and also daily by breaking trend
line on fourth time with good volume on daily t.f .but did not close above 134,
if there are any bullish confirmation above 134 resistance then i will enter the stock
this weekly chart which gives neat idea of structure and less noise.
there is good volume expansion with wide range green candles.you
have to be patient with these kind of stocks and stick to weekly time frame
Our techno-fundamental trade in EURCHF still stands and now we have a weekly pattern forming with unique traits:
See previous notes
(1) Weekly cup-with-handle pattern
(2) Pullback to 38% of the move from the lows of April 2020.
(3) Weekly volume is decreasing as the price is falling down, suggesting low...
On April 22nd I wrote that it was highly likely that Bitcoin would
continue down to test the 45,000 support level. However, I also
said that it could turn out to be a failed breakout of the 51,300
support level. I said we would know fairly quickly within 24-48
Well, it took about 72 hours. Price is now back above the 51,300
support level and buyers came...
Buyers have yet again taken price above a low volume buy bar.
Price went above the low volume bar of April 13th and those
three following bars were "normal" volume days which is a strong
indication that the buying is strong and we are definitely headed
There might be a small correction but it is highly probable
we are going to continue to put in new...
On April 8th big players stepped in as can be seen on this
chart with the cyan blue colored bar. There was an incredible
amount of volume but the range of the bar was small. This is
known as "high churn".
Price continued to stay above 1.18 and on April 12th a buy climax
volume bar printed (blue bar on chart) with a high of 1.345. Three
buy climax bars...