Expecting Bullish Upward Wave
Updated
There might be a case for lower lows since the peak from March 30. But I see a upward price wave coming.
The reading that I see is the VCO divergence, as the red-shaded box ending at Apr4 boundary, is much narrower than the prior red downtrend at Apr3 boundary.
The alternative translation from a trader psychology perspective, is that those sellers represented red shading, are about to be punished by an upward price move.
The reading that I see is the VCO divergence, as the red-shaded box ending at Apr4 boundary, is much narrower than the prior red downtrend at Apr3 boundary.
The alternative translation from a trader psychology perspective, is that those sellers represented red shading, are about to be punished by an upward price move.
Note
I exit the swing long already, as CDV color box was narrow.My usual pattern is "patient in, impatient out" based on my system.
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