Based on hourly chart above, Prestariang formed a classic Volume Spread Analysis buy setup. 18 Line Change signal is spotted (as highlighted in red box) after accumulation stage with high volume. The increases in volume indicates smart money is locking up the weak-hand holders.
Notice there were no Sign of Weakness after the price break above the resistance level. Currently price is pulling back to support level. Look for Spring, No Supply or Test signals to confirm the pullback.
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Created by TradeVSA | Nov 01, 2021
Created by TradeVSA | Oct 15, 2021
Created by TradeVSA | Oct 06, 2021
Alex™
article too late. buy first, publish later
2018-11-04 14:37