For VCP, there should be first Up trend, then 3 Half curves till resistance trend line, In this chart there was down trend before the half curves.
If we look at the volume, weaker hands are selling (Low volumes on red candles) and strong hands are buying ( high volume on green candles) - increases confidence
Please leave your views, let us help each other to learn and then we will remove L from learn ;)
If we look at the volume, weaker hands are selling (Low volumes on red candles) and strong hands are buying ( high volume on green candles) - increases confidence
Please leave your views, let us help each other to learn and then we will remove L from learn ;)