Compressions patterns are an important one to watch for in sideways action like a bottom formation. These form as buyers gain dominance over sellers. I'd like a tighter consolidation to develop at the current resistance for lower risk for entry on the breakout.

snapshot
AMDbottomingCandlestick Analysiscompressionpatternconsolidation-breakoutresistance_levelSupport and ResistanceTrend Lines

Martha Stokes, CMT
ttrader.im/tv-candlesticks

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