Another one with a clean uptrend. Considering it tried to break 50 resistance level twice and failed, also price consolidated between 45 to 50 before breaking out, this can act as strong support level. Next levels of support are derived based on pivot lows (both higher lows).
Volume on last bar is very high - which might signify exhaustion. Hence, we may have a pullback shortly. (Or it may just consolidate as last time)
Volume on last bar is very high - which might signify exhaustion. Hence, we may have a pullback shortly. (Or it may just consolidate as last time)
Note
Closed this position for time being. Will look to enter when volatility drops
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Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.