Price is potentially a false breakout key low, and many sellers are trapped right now, so if price starts to go higher, they will be closing their short positions, and it provides us with a potential impulse higher.
The main sign of a lack of selling pressure for me is the MACD divergence.
The main sign of a lack of selling pressure for me is the MACD divergence.
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TP 1 HIT!!
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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.