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A smattering of Indecision,
1 reversal and a couple who think it will continue.
So here we are at resistance again.
Decision point.
What do you think?
CLICK TO EXPAND
View attachment 44888
A smattering of Indecision,
1 reversal and a couple who think it will continue.
So here we are at resistance again.
Decision point.
What do you think?
CLICK TO EXPAND
View attachment 44888
As a trend like this proceeds ,,, There are those who entered early sitting on more and more profits . There are those who entered later and significant number now who are only at break even or maybe even holding a loss ( Short side is another consideration ).
BECAUSE DEMAND HAS OVERCOME SUPPLY
Or because the move down has flushed out available supply ?
Volume to increase as the move Immediately continues Up
THE LAST 5 BARS make a BULLISH CASE
Motorway
A smattering of Indecision,
1 reversal and a couple who think it will continue.
So here we are at resistance again.
Decision point.
What do you think?
CLICK TO EXPAND
View attachment 44888
THERE IS A ROTATION ... Either Distribution and hence prices FALL
or a Re accumulation ...And this could be what is happening here.
Price could have dropped after the first test of the High
But it has gone back up .. WHY ? ( forget volume for a second )
BECAUSE DEMAND HAS OVERCOME SUPPLY
ok Why is volume LOW.... lack of demand ( where are the closes in the move up ? )
Or because the move down has flushed out available supply ?
If there is distribution (now ) why is there not heaver volume on the latest move Up ? EFFORT VS RESULT
I would be looking for a shallower retrace with even lower volume ( SPRINGBOARD )
Or Volume to increase as the move Immediately continues Up maybe gaping above Resistance..
I'd also be cautious around the high to see if heavy volume does come which could definitely be a buying climax.
Would suspect that the move will be a breakout as we haven't seen the profit taking near the highs that you could expect to see.
So we are seeing Volatility for the first time since the start of the exercise.
also the high volume is appearing on a down bar finishing on the low.
Another observation is that even the significant volume bar is no where near the volume of the previous highlighted ones.
Is there enough demand to keep it going?
Another observation is that even the significant volume bar is no where near the volume of the previous highlighted ones.
Is there enough demand to keep it going?
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