SMH experiences a false breakout and tries to sustain it for a few periods with increased volume
This gives a signal that bear drawdown has weakness in it and bulls maybe taking over soon.
- SMH experiences first false breakout above
- Tries to hold higher levels outside resistance
- Increased volume is accompanied with this breakout
This gives a signal that bear drawdown has weakness in it and bulls maybe taking over soon.
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Related publications
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.