Volume is descending with PA in the short term, contradicting the short term bearish trend.
Volume is ascending with PA on the long term, confirming the long term bullish trend.
=> what we are seeing is a correction.
PA will drift lower until a significant breakout on the descending volume trend happens. PA will go again parabolic to the upside after that.
I want to point out that PA is also printing what looks like a double bottom, but it's too soon to put out a call, the pattern has yet to form and get a confirmation.
I expect next top to have lower volumes than the last one, breaking the ascending volume trend and ending the months/years long bull run.
Recession ahead? Maybe it's only my bias, it's too soon to say, only time will tell.
Volume is ascending with PA on the long term, confirming the long term bullish trend.
=> what we are seeing is a correction.
PA will drift lower until a significant breakout on the descending volume trend happens. PA will go again parabolic to the upside after that.
I want to point out that PA is also printing what looks like a double bottom, but it's too soon to put out a call, the pattern has yet to form and get a confirmation.
I expect next top to have lower volumes than the last one, breaking the ascending volume trend and ending the months/years long bull run.
Recession ahead? Maybe it's only my bias, it's too soon to say, only time will tell.