Bullish Flag with some sort of inverted head and shoulders take a look inside, lots of dojis, green is majority, meaning lots of buying pressure near it's ema20. People are buying near this area.
Volume Dry Up (decreasing volume with lack of sell volume bars), people are buying small amounts, perhaps there are stop limit orders waiting for the break out.
Accumulation Distribution is a bit below its ema13, but the hidden bullish divergences (MACD and AD, circles in pink) tells us is losing momentum to the downside.
Consolidation after huge pump with outrageous volume. Look Left :)
Taking a trade on this one 2 to 1 to 4 to 1, risk reward. (meaning that for every trade won you cover two to four trades lost)
Just an OPINION, Please LIKE and FOLLOW if it adds value to you.
Thanks ! :)
Volume Dry Up (decreasing volume with lack of sell volume bars), people are buying small amounts, perhaps there are stop limit orders waiting for the break out.
Accumulation Distribution is a bit below its ema13, but the hidden bullish divergences (MACD and AD, circles in pink) tells us is losing momentum to the downside.
Consolidation after huge pump with outrageous volume. Look Left :)
Taking a trade on this one 2 to 1 to 4 to 1, risk reward. (meaning that for every trade won you cover two to four trades lost)
Just an OPINION, Please LIKE and FOLLOW if it adds value to you.
Thanks ! :)
Comment:
AD just got above it's ema13, good.
Comment:
Stop too tight. Almost. It happens.
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
Trader Since 2016. Industrial and Operations Engineering at U of Michigan, Ann Arbor. MBA IPADE. Master in Finance EGADE.
Trader Since 2016. Industrial and Operations Engineering at U of Michigan, Ann Arbor. MBA IPADE. Master in Finance EGADE.