HI,
FGV has been on major uptrend on daily time frame, and now has retraced back to the Resistance-turned-Support line A.
On this H1 timeframe, we can see that each successive downmove towards line A had resulted in lower Weiss volume wave (red arrows on Weiss Indicator), while each successive upmove has higher Weiss volume waves (blue arrows). This may indicate Buyer overcoming Seller at this level , thus price may continue to move higher.
I'm looking forward for price to rise till the previous major high on daily time frame.
Trade at your own risk.
Tq
FGV has been on major uptrend on daily time frame, and now has retraced back to the Resistance-turned-Support line A.
On this H1 timeframe, we can see that each successive downmove towards line A had resulted in lower Weiss volume wave (red arrows on Weiss Indicator), while each successive upmove has higher Weiss volume waves (blue arrows). This may indicate Buyer overcoming Seller at this level , thus price may continue to move higher.
I'm looking forward for price to rise till the previous major high on daily time frame.
Trade at your own risk.
Tq
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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.