This is what a bullish squeeze looks like at the very end. This could happen many times in a range or channel but notice how the price starts to get to the point to where no one wants to buy or sell. Eventually something will happen...
Scenarios are...
Head fake down triggering a larger movement to the upside
Move Up triggering a larger movement to the upside.
Move up triggering a dump to the downside with more volatility and movement to the upside.
A head fake up triggering a dump to the downside
Price remains flat for many months.
Volatility
Remember, a bullish squeeze is like a fire cracker, it will pop but only God knows which directions.
Scenarios are...
Head fake down triggering a larger movement to the upside
Move Up triggering a larger movement to the upside.
Move up triggering a dump to the downside with more volatility and movement to the upside.
A head fake up triggering a dump to the downside
Price remains flat for many months.
Volatility
Remember, a bullish squeeze is like a fire cracker, it will pop but only God knows which directions.
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.
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.