Hello friends, This is a clear uptrend. The up arrows point to the Higher Low of the trend while the up arrows point to the higher High. The Uptrend turns into a Downtrend However, doing the value area, excess, control price and initiative or responsive moves analysis offer a lot more information regarding the trend. At the end of the chart, on the Higher right, we can see that the trading activity moves in the lower part of the value area, between the control and the value Low. This is uncharacteristic for an Uptrend. Additionally, the price rotations are becoming narrower, it is starting to rotate between the control and value low.
Shifting to new control Price
Thanks
Shifting to new control Price
Thanks
Note
Touch 8900 As expectedTrade closed: target reached
Target done 8800 Message me for further enquiri
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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.