alvarogctmr

alvarogctmr

In the weekly chart we see how a turning pattern marked by a semicircle has been formed. We see that the price breaks through the resistance area with a lot of volume and today the price is forming a bullish flag, indicating that a continuation pattern is likely. We see in more detail how we could take advantage of the movement in the daily chart.

alvarogctmr

In order to take advantage of a trunk move we must wait for the price to break the accumulation zone with wide range candles. We can incorporate once the price breaks the accumulation zone, if it returns to the bearish divergence to look for support and leaves us with a pattern of turning candles.

alvarogctmr

Here is an overview of vechain's upward movement. We have a more detailed analysis in daily candles.

alvarogctmr

We can see how Vechain has broken the accumulation area, has looked for the bearish divergence and has made a first try to look for new highs. What are we looking for now? We are looking for an incorporation if the price returns to the divergence again. If the price continues with the uptrend we will look to incorporate later in a new continuation pattern.