VIZIONE - hidden buyers?
VIZIONE recently broke above resistant line A , and then retraced and consolidated above support line B.
So far price unable to break below the support line B.
The most recent down wave (labelled as no. 2) also at the moment unable to break below line B.
If we look at the Weis Wave indicator, we can see that the down move 2 had a much higher cummulative volume compared to the previous down move 1.
Higher volume but unable to break the recent low, this could indicate hidden buyers (professional money) entering the market.
Trade at your own risk! Comments are welcomed.
So far price unable to break below the support line B.
The most recent down wave (labelled as no. 2) also at the moment unable to break below line B.
If we look at the Weis Wave indicator, we can see that the down move 2 had a much higher cummulative volume compared to the previous down move 1.
Higher volume but unable to break the recent low, this could indicate hidden buyers (professional money) entering the market.
Trade at your own risk! Comments are welcomed.
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