Decade of DecadenceThis Tasty Treat is at the bottom of the Channel, as you can See. Springboard, with that Strong Marubozu. I dont Even have to Tell you, What's Next...!Longby sofearnotUpdated 441
$AUGX - NEW MARKET STRCUTUREAs usual, charts speak louder than words. This one is shouting the following: - Steady downtrending market since its IPO, as delimited by the yellow trendline, with several key touches. - Trendline broken in December 2023. - Breakout above the 10 EMA (roughly 200 EMA in the daily timeframe), created with the highest monthly volume this market has seen and no price x volume divergence. Long trend? Not just yet. The price is trading against a key congested zone, as disclosed by the Volume Profile, where bears could be sitting. In other words, this market could be entering an accumulation stage. A new breakout and close above the current resistance level should be the trigger for bullish trade as the sign of a fresh uptrending market. No matter what you make of this market, please remember that risk management should be your number one concern at all times. Cheers, Tenacious Tribe - Backtested Trading Systems & Studiesby ruben_rodrigues0