Shakthi Pump: Setting For An Upmove
Price has been in a downtrend and has managed stage a turnaround recently. Look at the magenta swing - the momentum and volume. The move manged to clear prior swing high, which resulted in the disruption of the sequence of lower highs & lower lows.
Now look at the fall from the magenta swing high: The fall has been slow and gentle with relatively lower volume. Looks bullish to me. Watch out
Now look at the fall from the magenta swing high: The fall has been slow and gentle with relatively lower volume. Looks bullish to me. Watch out
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.