FCPO 21 Feb 2023 : Reaccumulate/Distribution?
Updated
1. So far price still uptrend movement in the channel.
2. Price still test EMA50 15min.
Expect sideway movement to form reaccumulation or distribution pattern.
5min :
1. Price breakdown EMA50 multiple times but back up again = Strong buyer still have upperhand
2. EMA12 still above EMA50 = uptrend
https://www.tradingview.com/x/uQ1HHoRU/
2. Price still test EMA50 15min.
Expect sideway movement to form reaccumulation or distribution pattern.
5min :
1. Price breakdown EMA50 multiple times but back up again = Strong buyer still have upperhand
2. EMA12 still above EMA50 = uptrend
https://www.tradingview.com/x/uQ1HHoRU/
Note
Trading opportunities?Big candle, Low volume near EMA12
Note
Sustain above trading range or break below?Note
Stopping volume Note
Another SV?Note
Multiple SVNote
Price below EMA12+EMA50.EMA12 below EMA50
Price now still in ranging mode
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