Snow looks good:
May 27th was a big day on that solid move up backed with volume followed by a congestion period where sellers were seemingly nicely absorbed.
Then, looking at the last 3 sessions, June 17th had a nice volume validated move up , 18th we see sellers introduce some supply ( but nothing buyers were not able to handle as evidenced by lower wick and tighter day). And today we have a very positive sign of a low volume test, which further confirms that current supply is irradiated . A continued move up seems probable .
May 27th was a big day on that solid move up backed with volume followed by a congestion period where sellers were seemingly nicely absorbed.
Then, looking at the last 3 sessions, June 17th had a nice volume validated move up , 18th we see sellers introduce some supply ( but nothing buyers were not able to handle as evidenced by lower wick and tighter day). And today we have a very positive sign of a low volume test, which further confirms that current supply is irradiated . A continued move up seems probable .
Trade closed: stop reached
Note
was stopped out on this yesterday but I see selling volume is pretty lows and lessening . Will plan on re-entering for take 2 into strength . First thing we need for me to get back in is a break back above the 10/21 ema's .
艾力克~
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艾力克~
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.