Hi,
price has moved like an uptrend
but actually, there is no enough bullish momentum
since volume is not getting more
in my opinion, this trend is an accumulation stage,
pushing the price up to OB-(red block)
and then it will go toward its real direction. (Bearish)
just sharing my idea, not investment advice!
price has moved like an uptrend
but actually, there is no enough bullish momentum
since volume is not getting more
in my opinion, this trend is an accumulation stage,
pushing the price up to OB-(red block)
and then it will go toward its real direction. (Bearish)
just sharing my idea, not investment advice!
Order cancelled
Broke uptrend parallel but that block is still a potential short position
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Disclaimer
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.