Two trading ranges. Both could be an accumulation patterns.
TR 1-1.
Well, Phase C can be either in an UpThrust or LPS actions.
We just need to be patience and see how this trading range develops.
TR 2-2.
This one also looks bullish, it has a Spring action + test. So we can expect a bullish impulse to complete the pattern.
So far we don't have any signs of weakness at the moment.
But note, we have to overcome these resistance levels (bold red lines) to start buying.
TR 1-1.
Well, Phase C can be either in an UpThrust or LPS actions.
We just need to be patience and see how this trading range develops.
TR 2-2.
This one also looks bullish, it has a Spring action + test. So we can expect a bullish impulse to complete the pattern.
So far we don't have any signs of weakness at the moment.
But note, we have to overcome these resistance levels (bold red lines) to start buying.
Yorum:
First attempt to overcome the resistance(red bold line) failed.