Long on FORR

17 Mar

Overall FORR has held monthly structure, in my view this prolonged down move that has swept lots of liquidity under HTF lows BUT HAS HELD the overall structure looks to be nothing more than a Re-Accumulation move. Supporting this thesis is the 3X increase in buy volume as we tapped into the Monthly/Weekly AOI. Looking at the Daily we can also see a very clear Micro Accumulation happening within the overall re-accumulation. Gorgeous chart. Look at the igniting volume on the daily on friday. A little over 11X. I would love to see a pullback into the demand level but I will be buy stopping a partial position above Friday HoD as well because that move is aggressive. Hopefully it does pullback so I can get my full position but if not at least ill have a partial