๐ Main CT Line (Dotted White)
A well-defined counter-trendline finally gave way after weeks of price compression. The breakout was clean, with a strong bullish candle closing decisively above it.
๐ Volume Confirmation
Breakout candle posted a solid spike in volume โ the highest weekly volume in months. ๐ฅ
๐ 200 EMA Broken (Blue Line)
Price has also cleared the 200-week EMA, a key dynamic resistance, now potentially flipping to support. ๐
๐ง Higher Timeframe Supply (Orange Line) / โช (White Lines)
The breakout candle has also stepped into a tight zone between Weekly + Monthly supply, marked by the orange line.
๐ As always, the chart tells the story. No predictions. No assumptions, just structure.
A well-defined counter-trendline finally gave way after weeks of price compression. The breakout was clean, with a strong bullish candle closing decisively above it.
๐ Volume Confirmation
Breakout candle posted a solid spike in volume โ the highest weekly volume in months. ๐ฅ
๐ 200 EMA Broken (Blue Line)
Price has also cleared the 200-week EMA, a key dynamic resistance, now potentially flipping to support. ๐
๐ง Higher Timeframe Supply (Orange Line) / โช (White Lines)
The breakout candle has also stepped into a tight zone between Weekly + Monthly supply, marked by the orange line.
๐ As always, the chart tells the story. No predictions. No assumptions, just structure.
๐ฏ Master My Self-Made Trading Strategy
โ WhatsApp (Course): wa.me/919455664601
๐ Telegram (Free Charts): t.me/hashtaghammer
โ WhatsApp (Course): wa.me/919455664601
๐ Telegram (Free Charts): t.me/hashtaghammer
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.
๐ฏ Master My Self-Made Trading Strategy
โ WhatsApp (Course): wa.me/919455664601
๐ Telegram (Free Charts): t.me/hashtaghammer
โ WhatsApp (Course): wa.me/919455664601
๐ Telegram (Free Charts): t.me/hashtaghammer
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.