Price has reached a critical support zone - Looking for strong rejection or breakdown.
Bollinger Band Contraction
Bands (purple lines) showing significant narrowing
Price consolidating near the lower band
Squeeze pattern suggesting imminent volatility expansion
TTM above zero line
VFI (Volume flow indicator by Markos Katsanos) (not shown on chart)
Crossing above zero line - buy signal
Given the bearish context, any long positions require tight stops
Bollinger Band Contraction
Bands (purple lines) showing significant narrowing
Price consolidating near the lower band
Squeeze pattern suggesting imminent volatility expansion
TTM above zero line
VFI (Volume flow indicator by Markos Katsanos) (not shown on chart)
Crossing above zero line - buy signal
Given the bearish context, any long positions require tight stops
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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.
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.