Trend reversion off of slow downtrending accumulation spring up
Mis à jour
Trend
Price looks like it has been accumulating slowly from the trend going down.
It could still be accumulating for longer because we just had a nice rejection to the downside.
Trade opportunities
I have marked a trade example with an entry that is very early, from the break of the steepest trendline on the hourly chart.
Before entering long, I would like to see a clear sign that buyers are taking back control.
Higher timeframe
We are also at the point where price last had a big run up:
Lower timeframe
Here is a better view at the shorter term trendline that could break to the upside and start the next bull run:
Price looks like it has been accumulating slowly from the trend going down.
It could still be accumulating for longer because we just had a nice rejection to the downside.
Trade opportunities
I have marked a trade example with an entry that is very early, from the break of the steepest trendline on the hourly chart.
Before entering long, I would like to see a clear sign that buyers are taking back control.
Higher timeframe
We are also at the point where price last had a big run up:
Lower timeframe
Here is a better view at the shorter term trendline that could break to the upside and start the next bull run:
Ordre annulé
We haven't seen a break above the last high and I haven't seen buying pressure yet, so trade not taken.
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