This would be a Swing trade, which I would personally trade because it is a common pattern, not a chart pattern, but a Price Action Pattern. To explain it quickly. First you get a sell off, then stopping Volume with Buy limit orders pushing the stop up, then you see Volume dropping, and after that some more Volatile price action. But I generally dont do these kinds of trades, because I like to have more safety and when I´m short term invested I have more risk and this is not coping with my personal risk - reward policy.
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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.