Analysis

5 Şub 2023

Since February 01, 2023 we have the breakout of the vwap indicator with strength by a large green candle and accompanied by a large green volume, it is indeed an impulse candle or an uptrend. We also see on the graph that the market came to make a spring effect on the vwap thus reflecting a strong probability of continuity of the upward trend of course with the break of the resistance line. Besides, we could also have a bearish trend if and only if we have the breakout of the vwap indicator as well as the support line with strength. Thanks!