On AMC we can say that there is a balance between buyers and sellers. However, we would have a true uptrend if and only if the vwap indicator as well as the resistance line are forcefully broken by a large green candle and accompanied by large green volume. On the other hand, we would have a downtrend if the vwap and the support line are forcefully broken by a large red candle and followed by large red volume.Thanks.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.