Recent example of a text book re-accumulation into mark-up.
Look at the buying at points 1, 3 and 5.
Then look at the trading range. Where is the trading range at? Where was the bulk of stopping volume?
..... at that key support to the left.
You can see the volume before it even reaches support.
If using RSI note the POS DIV with volume at support.
No supply/push through entry at blue circle. Profit target TBD.
Look at the buying at points 1, 3 and 5.
Then look at the trading range. Where is the trading range at? Where was the bulk of stopping volume?
..... at that key support to the left.
You can see the volume before it even reaches support.
If using RSI note the POS DIV with volume at support.
No supply/push through entry at blue circle. Profit target TBD.