PDD - Weekly Analysis to get a larger picture
PDD continues to pull back and that is okay. But we do need to see some of our stronger buying continuation algos activate and get to work or else there is plenty more room to the downside. As you can see on this weekly chart, we are in a HTF large selling algo in teal. To break out of this we will need to be activated in our strong yellow/orange buying continuation and begin to see breakouts of our stronger controlled selling algos (White and magenta).
Hope this was helpful for all you PDD bag holders (me).
Happy Trading :)
Hope this was helpful for all you PDD bag holders (me).
Happy Trading :)
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