Expecting Bullish Upward Wave

There might be a case for lower lows since the peak from March 30. But I see a upward price wave coming.

The reading that I see is the VCO divergence, as the red-shaded box ending at Apr4 boundary, is much narrower than the prior red downtrend at Apr3 boundary.

The alternative translation from a trader psychology perspective, is that those sellers represented red shading, are about to be punished by an upward price move.

Yorum:

I exit the swing long already, as CDV color box was narrow.

My usual pattern is "patient in, impatient out" based on my system.