📌 Technical Breakdown:
🔹 CT (Counter-Trendline): A clear downward-sloping white dotted CT has been broken with a powerful bullish candle.
🔹 Base Formation: A strong accumulation zone (green zone) is evident where higher lows were formed, indicating demand absorption.
🔹 200 DEMA: The price cleanly breaks above the 200-day exponential moving average, which often acts as a major dynamic resistance.
🔹 Higher Low Structure: The recent price action formed a higher low, validating strength before the breakout.
🔹 Volume Confirmation: Recent candles show a surge in volume, confirming institutional participation and accumulation during the base.
🔹 CT (Counter-Trendline): A clear downward-sloping white dotted CT has been broken with a powerful bullish candle.
🔹 Base Formation: A strong accumulation zone (green zone) is evident where higher lows were formed, indicating demand absorption.
🔹 200 DEMA: The price cleanly breaks above the 200-day exponential moving average, which often acts as a major dynamic resistance.
🔹 Higher Low Structure: The recent price action formed a higher low, validating strength before the breakout.
🔹 Volume Confirmation: Recent candles show a surge in volume, confirming institutional participation and accumulation during the base.
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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.
JOIN MY FREE TELEGRAM ( More Charts and Discussions ) : t.me/hashtaghammer
YOUTUBE CHANNEL ( PnL Series and more ) : youtube.com/@hashtaghammer
YOUTUBE CHANNEL ( PnL Series and more ) : youtube.com/@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.