1D/1W - Presents a downward channel sinse end of 2018, current swing is bullish.
4H - Presents the current bullish swing as an upward channel.
1H - Price has bounced off the bottom of the 4H upward channel. Has created a HH and is now presenting a LL. Volume has diminished over the last few candles indicating supply is no longer present.
Price also follows the classic Wyckoff principle of accumulation/distribution (although is re-accumulating) with the diminishing volume present in the spring.
4H - Presents the current bullish swing as an upward channel.
1H - Price has bounced off the bottom of the 4H upward channel. Has created a HH and is now presenting a LL. Volume has diminished over the last few candles indicating supply is no longer present.
Price also follows the classic Wyckoff principle of accumulation/distribution (although is re-accumulating) with the diminishing volume present in the spring.
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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.