SCNWOLF developing VCP with below contraction.
C1: -36%
C2: -9%
C3: -5%
During C2 and C3 contraction, volume observed contract as well. The price and volume interaction is good.
Let's see if will pull back another round and form a C4 or it will direct surge up. Prefer to pull back another round for more solid base take off.
Disclaimer:
Not a buy call recommendation. Just technical analysis sharing based on my personal experience in chart pattern study. Trade at your own risk.
C1: -36%
C2: -9%
C3: -5%
During C2 and C3 contraction, volume observed contract as well. The price and volume interaction is good.
Let's see if will pull back another round and form a C4 or it will direct surge up. Prefer to pull back another round for more solid base take off.
Disclaimer:
Not a buy call recommendation. Just technical analysis sharing based on my personal experience in chart pattern study. Trade at your own risk.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.