jocull

jocull Updated 

Volume and pressure looks like a bottom to me. After a long trend down, it feels like it’s time to pop back again in a big way. When we pop out of stddev x 2 on volume, buyers and sellers are very active. Price is having a hard time moving down as they fill large positions for the markup phase. The sellers are panicking and pushing into big money’s hands.

jocull

We have been trading in this range and keep dropping to this bottom area. Buying pressure holds the support. Are we about to “jump the creek”?

jocull

We have seen this pattern before. On the higher timeframes we’re still in a downtrend. This is a break, but we had one before. What will make this time different?