With this current structure of distribution stage, the price is now trending in the sideways moves with a forms of descending triangle and the volume is getting lower and lower overtime giving a sign of potential break out to the upside. Once we see any break out toward the blue resistance trend line (or the upper line of current descending triangle) with a significant volume, it's better to open any long position with the target on the interim body closes on swing high candle (white region).
Disclaimer
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.
Disclaimer
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.