Check out that distribution looking pattern... What usually goes on here?
Is price low or is it high? Looks high to me. Now, sometimes you can get a very shallow re-accumulation that resembles distribution.
If you are consistent in your targeting you can have more confidence when you pull the trigger. If the price moves up without a pull back that is okay. If the price is not behaving in the way I need to see it, I would let it go and look for something else or wait for it to complete its cycle.
We will see if it can some down to that 50%. And if it does come down we can keep an eye on RSI and see if we can identify a positive divergence. You see them everywhere when you know how to use them and what they are ACTUALLY supposed to mean for us.
Is price low or is it high? Looks high to me. Now, sometimes you can get a very shallow re-accumulation that resembles distribution.
If you are consistent in your targeting you can have more confidence when you pull the trigger. If the price moves up without a pull back that is okay. If the price is not behaving in the way I need to see it, I would let it go and look for something else or wait for it to complete its cycle.
We will see if it can some down to that 50%. And if it does come down we can keep an eye on RSI and see if we can identify a positive divergence. You see them everywhere when you know how to use them and what they are ACTUALLY supposed to mean for us.
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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.
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.