By viewing this tiny trading range as a distribution pattern, I am assuming we can test the POC of the previous TR at 47453.
If this is a reAccumulation model, we will not go below 48350.
Also note that this entire bullish rally was not supported by volume, so these are 'weak hands' rather than CO.
If this is a reAccumulation model, we will not go below 48350.
Also note that this entire bullish rally was not supported by volume, so these are 'weak hands' rather than CO.
Kommentera:
this plan wasn't confirmed. I'll update this chart with a new one.
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