Context:
the rallie is still going , however we whitness a shortening of the upward thrust (high to new high)
so we have a lessening of buying pressure towards new high grounds , as a actual result we have a lower high and
price is currently on its way to test the 50% level of the actual upmove
signs of strenght:
strong rallie
severeal broken resistance levels
signs of weakness:
shortening of upward thrust
lower high
the rallie is still going , however we whitness a shortening of the upward thrust (high to new high)
so we have a lessening of buying pressure towards new high grounds , as a actual result we have a lower high and
price is currently on its way to test the 50% level of the actual upmove
signs of strenght:
strong rallie
severeal broken resistance levels
signs of weakness:
shortening of upward thrust
lower high
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.