Currently on Phase E wyckoff cycle, doing rally, with solid 15 min/1h structure, volume is still decent, good for long and swing . Could go wrong if * big volume of dumping *Political uncertainty *Others systemic factors
Looking for a solid structure at 1h, would be better if small increasing volume coming in as well. Price at a key level, possible for a "spring" to occur, before flying . A solid uptrend trendline as well, that gives more confluence. Could go wrong if : A support trend line being broken, with high dumping volume Other systemic factors
No huge dumping of shares yet, am expecting Parlo to test recent support before reaching 0.595, we'll see. Am using 1 hour chart to find solid structure. Am using no indicators. * volume is the key Could fail if : *there is a huge dumping of shares *no reversal candle supported with big volumes ( could be reversal or huge retracement ) *no interference of...