You will see that I have indicated that 45% of the volume we've seen since the "start" of the bull run is in the range where we have been since Feb.
This was painful, but this will create a massive support once we move out of it.
Look at the next leg up, for which we know there are a few hurdles to get through, it has the least 'volume resistance' of this mentioned 45%. This is a good thing.
Also, we've touched the up coming resistance zone a few times over the weekend, without much of a rejection, which seems bullish .
The EMA's are being pulled to the price more that it's being pulled towards the EMAs, and it would seem this is because it may have been the bottom (I am careful to say this, I am just saying what I see).
This was painful, but this will create a massive support once we move out of it.
Look at the next leg up, for which we know there are a few hurdles to get through, it has the least 'volume resistance' of this mentioned 45%. This is a good thing.
Also, we've touched the up coming resistance zone a few times over the weekend, without much of a rejection, which seems bullish .
The EMA's are being pulled to the price more that it's being pulled towards the EMAs, and it would seem this is because it may have been the bottom (I am careful to say this, I am just saying what I see).