Waiting for a re-visit to these newly formed supports. Would like to see more conformation of demand/accumulation.
You can see the mark-up that came out of the trading range (bottom left). Look at the supply pressure that came in... very low. Its didnt really hit sellers until it go into that new high ground, close to that key resistance.
Now price has come down off of what looks like a lot of selling. It was stopped by high volume and explains why price is now ranging.
Waiting for further development.
You can see the mark-up that came out of the trading range (bottom left). Look at the supply pressure that came in... very low. Its didnt really hit sellers until it go into that new high ground, close to that key resistance.
Now price has come down off of what looks like a lot of selling. It was stopped by high volume and explains why price is now ranging.
Waiting for further development.