MFLOUR coming to the last contraction of VCP development after 160 days.
C1: ~25%
C2: ~12%
C3: ~14%
C4: ~9%
C5: ~4%
As you can see the volume spike during price spike and volume reduce when price retrace.
Awaiting volume again to attack. And with current supply is so dry, easily will spike up high.
Immediate support: 0.650 (6% risk)
Disclaimer: Sharing chart pattern purpose, not a buy call post. Trade at own risk.
C1: ~25%
C2: ~12%
C3: ~14%
C4: ~9%
C5: ~4%
As you can see the volume spike during price spike and volume reduce when price retrace.
Awaiting volume again to attack. And with current supply is so dry, easily will spike up high.
Immediate support: 0.650 (6% risk)
Disclaimer: Sharing chart pattern purpose, not a buy call post. Trade at own risk.
Note
I have sold all my position in MFLOUR. Good Trade!
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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.
Related publications
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.