There is no supply anywhere in that market. The last UT was a probe to go up. Easy to say that in retrospec I guess. Anyway, instead of being met with supply, buyers came in so that mKes it a probe. There was a good bar to buy 3 bars after the one marked as SOT. Over the las weeks we saw absorption. This week looks like stopping action or perhaps a UT (to be confirmed) on the weekly. But if we look at it on the daily, yesterday was an UT that was met with lots of buying today. I think yesterday was another probe to go up and today was a spring / bag holding.
I placed an order to buy a small position tomorow at the opening.
I placed an order to buy a small position tomorow at the opening.
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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.