I think this is starting to look more like a reaccumulation: strong markup out of the original TR, followed by a relatively shallow consolidation rather than a full reversal. If the current structure holds and demand continues to absorb supply, another leg higher would fit the reaccumulation thesis.
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.
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.